Dandara Group’s projects to deliver 2,000 new build to rent homes in England has been named BTR Deal of the Year at one of the UK’s most significant industry events – Property Week’s RESI conference and awards.
With an estimated value of c£400million, Dandara Group’s projects will deliver vital new homes in prime city centre locations in Manchester, Leeds and Birmingham.
BTR Deal of The Year
It attracted financial backing from the Homes and Communities Agency’s Home Building Fund, amounting to £45million, while HSBC provided loan capital of £183.1million. The HCA made the successful nomination to the RESI awards panel.
Providing residents with a wide range of on-site services, the three developments will be managed by the company’s dedicated lettings and management subsidiary, Dandara Living, using established teams based at each site.
The projects also include significant contracts for Galliford Try, Interserve, Sir Robert McAlpine and their subcontractor supply chains, creating and preserving jobs in key locations across England.
Dandara has already built more than 2,500 BTR homes in the last ten years in the UK, including one of Scotland’s largest BTR schemes of almost 300 properties in Aberdeen, acquired by LaSalle Investment Management on behalf of a large pension fund.
Dandara Group’s professional services advisers on the projects were lawyers Addleshaw Goddard, Knight Frank and Greyfriars Strategic Financial Advisers.
The RESI Awards, organised by Property Week, is now in its sixth year and celebrates the residential property market and its successes of the past year. The awards ceremony is an extension of the RESI conference, held annually in London.