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UK: Build to Rent (BTR) investment volumes in 2025 totalled just under £4.7 billion, according to preliminary data from CBRE.
This represents a 14 per cent year-on-year increase on total investment into the sector. A further £1.9 billion of investment is currently under offer.
Multifamily BTR investment volumes totalled £1.97 billion (down 16 per cent year-on-year), with £563 million transacting in Q4. Meanwhile, Single Family BTR investment volumes reached £2.7 billion, up 56 per cent year-on-year and doubling the previous year’s volumes, with £1.56 billion transacting in Q4. This includes the year’s largest single-family housing transaction: Northern LGPS & LPPI’s £1.1 billion acquisition of PRS Holdco.
By share of total investment, Single Family BTR accounted for 58 per cent, while multifamily BTR represented 42 per cent. Single-asset transactions contributed £2.69 billion, with portfolio deals totalling £1.93 billion.
Key deals this year have included: the sale of Gatehouse Living Group and JV partner TPG Real Estate’s 610 home Start Living portfolio to Lloyds Living, Penta and Ballymore’s joint venture to build 680 homes at Isle of Dogs and Nine Elms as well as Blackstone’s portfolio sale to Placefirst in the south-east.
Andrew Saunderson, head of UK living capital markets, said: “Our figures show attraction to the UK market remains strong and looking ahead to 2026, we anticipate a continuation of increased transactional activity, as cautious optimism manifests into positive sentiment across the living sector.”
Highlights:
• Build to Rent (BTR) investment volumes in 2025 totalled just under £4.7 billion, according to preliminary data from CBRE
• This represents a 14 per cent year-on-year increase on total investment into the sector. A further £1.9 billion of investment is currently under offer
• Mutifamily investment fell 16 per cent to £1.97 billion, while SFR investment was up 56 oer cent to £2.7 billion
