Rise Homes has appointed Ringley Group to oversee the launch and stabilisation of its £15m Greyfriars Build to Rent development in Coventry. Recently completed, the Greyfriars scheme has 85 fully furnished Build to Rent homes – a mix of one, two and three bedroom apartments. There are also a small number of Serviced Apartments available for business visitors.
Fully furnished to a high standard, the apartments include instantly available 100mbps broadband and benefit from professional management provided by Ringley Group. Residents at Greyfriars will also benefit from the use of a resident’s app powered by Busy Living, Ringley’s cloud-based platform. The software can be white-labelled enabling users to brand it as they wish – while also offering a customer-facing app alongside the digital back-end.
Ringley Group is responsible for mobilisation, lease up, onward operation, site staff recruitment, rent collection and tenancy management. To speed up and simplify the lease up process at Greyfriars, Ringley will use its automated lettings platform – PlanetRent – which automates key processes such as marketing, compliance and tenancy renewals.
“Greyfriars will provide Coventry with a high quality rental housing option that is affordable to people on ordinary incomes and we are excited to be working with Rise Homes in launching the company’s latest Build to Rent development.
“We’ve invested heavily into creating new platforms that simplify and de-risk leasing and management and Greyfriars will be another opportunity to showcase the benefits of our tech-driven approach.”
Mary-Anne Bowring, Group Managing Director, Ringley Group
Ringley, which has advised major investors such as Curlew, Grosvenor and Moda Living, has previously been appointed by Rise Homes to support the lease up of The Mailbox, the company’s Build to Rent development in Stockport. The 117-home scheme, which also includes 12,500 sq ft of flexible office space for businesses of all sizes, is now fully let despite launching last year during the pandemic. Ringley was also appointed by Rise Homes on The Depot, its fully let 92-home Build to Rent project on Princess Parkway, Manchester.
Backed by AIM-listed asset manager Gresham House, Rise Homes specialises in developing private rental housing for working people. The company has Build to Rent developments on-site in Sheffield, Wolverhampton and a second phase at The Depot in Manchester, as well as a site in Leeds and is the preferred investor and developer for the residential component of the Stockport Interchange redevelopment.
“Following our success at The Depot and The Mailbox, we look forward to working with Ringley at Greyfriars, our latest Build to Rent investment to complete. The site is very well located in the heart of Coventry’s attractive city centre and we are offering a wide range of apartment types all finished and furnished to a very high standard.
“There is a clear demand for high quality, professionally managed rental accommodation available at an accessible price point, and we are confident Greyfriars will impress those seeking to rent in Coventry with the quality of housing and service provided.”
Nigel Rawlings, CEO, Rise Homes
