Grainger’s Gatehouse Apartments BTR scheme fully leased

With the final stage ahead of schedule, leasing interest exceeded initial estimates at Grainger’s Gatehouse Apartments Build to Rent development.

Gatehouse Apartments Build to Rent scheme communal space - Grainger | BTR News
Communal space at Gatehouse Apartments Build to Rent scheme in Southampton.

Gatehouse Apartments, Grainger plc’s first Southampton Build to Rent development has seen significant occupier interest. With the final stage completed ahead of schedule by over eight months, the development is now fully leased after just over 3 months.

The East Street development launched at the end of March 2021 and in just over three months, all apartments have been leased with c.80% of those now occupied. The pet friendly development – which has welcomed dogs, cats and rabbits – consists of 132 homes, a mix of one and two bedroom Build to Rent apartments.

Gatehouse Apartments - Grainger | BTR News
Gatehouse Apartments.

“The Gatehouse Apartments development has exceeded our expectations both in terms of enquiries and leasing activity. The interest in the scheme has been extremely strong even before the first homes were available and residents really like the quality living and amenity space. This is a very encouraging start for Gatehouse Apartments, reaffirming our initial investment decision and the strong credentials of the city as a new location for Grainger.

“Southampton is one of the south coast’s most exciting cities and one of Grainger’s targeted locations for long-term investment.”

Helen Gordon, Chief Executive, Grainger

Amenities at the Gatehouse Apartments scheme include a lounge and private dining area, co-working space, a 24-hour gym and a roof terrace with views across the city. Residents also benefit from superfast 250mbps wi-fi available throughout the development. There are also over 100 cycle spaces and 47 parking bays with secured gated access. The commercial unit on the ground floor is also under offer with a prospective tenant.

Gatehouse Apartments roof terrace - Grainger | BTR News
Gatehouse Apartments roof terrace.

Grainger’s dedicated inhouse Resident Services Team has been welcoming residents since they started moving in over Easter. Rents at Gatehouse Apartments started at £950 per month for a one bed apartment, with the larger two bed apartments enjoying views over Southampton’s cruise terminal and the River Itchen.

“The first few months since the launch of the Gatehouse Apartments have been a very exciting time and we have welcomed a great cross section of residents. The Resident Services Team has worked incredibly hard to ensure all our move-ins have gone smoothly and there is already a great community spirit among residents.”

Lauren Tomkins, Grainger’s Gatehouse Apartments Resident Services Manager