Savills and Willmott Dixon promise new purpose built rented housing

Savills and Willmott Dixon promise new purpose built rented housing

Two well-known names in the UK property market are launching a joint venture to develop a portfolio of private-rented housing across England.

Property adviser, Savills, and developer, Willmott Dixon, will operate through regional partnerships with local public-sector bodies and private-sector landowners, working to maximise the value of land assets and bring forward sites that would otherwise be undeveloped.

The initiative is aimed at the growing number of “in-betweeners” in the rental market, typically skilled people between the ages of 25 to 35-years who are excluded from home ownership yet ineligible for social housing.

Locations are being targeted where there is a clear shortage of good quality rented housing.

Savills director of consultancy, Philip Callan, comments: “Our private rented model is designed to provide a new housing option – new purpose built rented housing with the certainty of availability and high quality customer centred management.”