91% of our new customers stay with us for 5 years or more...
NOW THAT’S LOYALTY and it works both ways!

Build To Rent / PRS Schemes

Specialist Property Team

87% of our property owner clients find us more competitive than the other brokers they've tried

Build To Rent / PRS Schemes

Build To Rent (BTR) / PRS Schemes have become an emerging sector in the Irish residential property market. Essentially they are purpose-built residential apartment block developments with associated amenities, examples of which are; 

  • Concierge, often with office facilities
  • Laundry Collection / Delivery Service
  • Lounge area to include communal gathering areas, relaxing areas and also private bookings for residents
  • Gymnasium for residents use / Kids Playground
  • Break-out Areas to include remote working / meeting pods / homework pods etc.

These Build to Rent properties are owned, managed and serviced by an institutional landlord / investor with some of the main functions outsourced to local managing agents, letting agents and maintenance companies. Unlike traditional housing schemes, individual residential units within the development are not sold off separately for private ownership or for individual sub-lettings. 

 

Concierge Build To Rent

 

BTR is typically the provision of a long-term rental investment strategy by one single entity, however where provision for social and affordable housing exists in the planning, a social housing entity may purchase a proportion of the units, often c.10% of residential apartment units for the provision of accommodation.

 

Build to Rent has become a viable, stable and attractive option not only for Irish and Worldwide based investors, developers and funders alike but also for a convenience driven younger population who value flexibility and the lifestyle on offer in these extremely well built and apportioned multi-amenity properties.

 

These developments will assist in delivering some of the housing numbers Ireland needs to address during this era of severe housing supply shortage.  More and more of these developments are coming on stream as the model proves its attractiveness.

 

With the experience of many such BTR developments under its belt to date, S.A. Faughnan (Brokers) Ltd. has positioned itself to be a leading expert in Build to Rent insurance programmes – from construction stage on behalf of the developer/builder, to phased handover to the OMC including all sale closure stages, and thereafter representing the new institutional landlord owner with highly competitive property & liability insurance rates.

 

Build To Rent

 

S.A. Faughnan (Brokers) Ltd. as leaders in this emerging area, will liaise with the developer/builder and their financier(s), the OMC entity, and the ultimate Purchaser/Landlord and their financier(s) to achieve a seamless transition from green/brown-field site to functioning BTR apartment block. A considered programme of insurance coverage will be put in place to satisfy lenders and provide the Purchaser / OMC with the required risk management and transfer of risk mechanisms via A-Rated Financially Secure Insurers. We can also enter at the property stage when the building has been handed over to the OMC on sale completion to the purchaser.

 

 

EXAMPLES of BTR schemes where we have been / are currently involved for the Cosgrave Group;

 

  • Neptune Block (205 Apts) – Honeypark, Dun Laoghaire
  • Leona Block (160 Apts) – Honeypark, Dun Laoghaire
  • Charlotte Block (159 Apts) – Honeypark, Dun Laoghaire
  • Bridgefield / Pappan Grove (251 Apts) – Northwood, Santry
  • Fairway Hall / Fairway Court (214 Apts) – Cualanor, Dun Laoghaire
  • Cheevers Court (186 Apts) – Cualanor, Dun Laoghaire
  • Haliday House (182 Apts) – Cualanor, Dun Laoghaire
  • Blackwood Square (329 Apts) – Northwood, Santry (CGI image below)

 

Build To Rent

References can be sought from;

 

David Lawlor – Director – Hooke & McDonald

E: davidl@hookeandmcdonald.ie M: 086 821 9848

 

Enquiries can be made to;

David Faughnan CIP – Director – S.A. Faughnan (Brokers) Ltd.

E: david.faughnan@safaughnan.ie

M: 086 2111489 P: 01 824 5555

Share

Get A Quote

Please fill in the form below and we will contact you as soon as we can.










    MEET THE TEAM

    David Faughnan CIP, Director

    You can contact via phone below or click on photo to email directly 01 8245555


    Copyright © 2015 S.A. Faughnan (Brokers) Ltd.
    S.A. Faughnan (Brokers) Ltd. is regulated by the Central Bank of Ireland.
    Company Reg. No. 88953.

    Neither S.A. Faughnan (Brokers) Ltd., its directors, employees, servants and agents, affiliates or other representatives shall be liable in respect of claims, liabilities, costs, demands, causes of action, damages, losses, expenses (including without limitation, reasonable legal fees and costs of proceedings) arising out of or in connection with your access to or use of this Website or the use and/or dissemination of personal information relating to you in accordance with this Privacy Statement and your consents.

    Designed By :  Web Results

    This site uses cookies. Find out more about this site’s cookies.