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MORE homes are being built in Newark to meet local need thanks to a project delivered by Woodhead Group and Newark and Sherwood Homes on behalf of Newark and Sherwood District Council.
The Nottinghamshire-based companies are working together to deliver six one-bedroom flats and three two-bedroom flats on Queens Court, Lovers Lane in Newark.
This development forms part of a five-year programme of work to deliver 335 new homes across the district.
The Queens Court scheme marks the start of the second year of the partnership.
Team Nottingham are joined by local hero Robin Hood to celebrate the start of MIPIM 2019 where the city is showcasing the £1.2 billion worth of investment opportunities it is bringing to this year’s event. During the week, Nottingham will be taking part in the packed events programme at the Midlands Pavilion to highlight what the city has to offer investors.
WHILE it was London which was the focus of the private rental sector (PRS), the regions are not just catching up but are set to overtake the capital within five years.
So said James Mulcare of Godwin Developments at the latest event by ProCon Nottinghamshire, the membership organisation for the regional property and construction sector.
James was one of four key speakers at the ProCon event called The Role of Build-to-Rent in the Regions and its Increasing Popularity, held at Trent Bridge with more than 100 people in attendance.
“The build to rent and private rental sector (PRS) started in London, with international investors feeling comfortable with the capital. But then their sights turned to the regions,” said James of Godwin, which recently announced its successful planning application to build The Landmark - 202 apartments for rent in Derby.
“Now it is the regions which are hugely benefiting, and this is set to continue. Major regional cities like Nottingham, Derby and Leicester are seeing a huge growth in both PRS and build to rent.”
And while 90% of build to rent is in city centre apartments, which typically attract millennials, renting a home is now appealing to families. While it was the 25 to 34-year-old bracket wanting to live in rented accommodation, the figures have shifted – with 35 to 49 year olds wanting to rent on the rise.
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