Daily Insurance Industry News
Daily Insurance Industry News
Monday 24th of September 2018
February 23, 2012

Institutional investors encouraged into private rental sector

by Gill Montia

Story link: Institutional investors encouraged into private rental sector

Sir Adrian Montague has issued a call for evidence for a review aimed at encouraging greater investment by institutional investors in privately rented properties.

The review, which forms part of the Government’s housing strategy, will examine ways of boosting investment in the UK’s private rental market, supporting the rapid growth of the sector.

Launching the call for evidence, Sir Adrian said: “I want to focus on two fundamental questions. Will the changes that the Government has introduced go far enough to generate significant new flows of investment? And, if not, what can be done to accelerate things?”

The work will build on previous government initiatives, including changing the stamp duty on bulk purchases and reforms to residential Real Estate Investment Trusts, with the emphasis very much on new evidence and fresh thinking.

Sir Adrian is supported in the review by a reference group comprising Vidhya Alakeson (Resolution Foundation), Graham Burnett (Universities Superannuation Scheme), Tim Brown (De Montfort University), Ian Fletcher (British Property Federation), Nick Jopling (Grainger plc), Victoria Mitchell (Savills), Martin Moore (Prudential Property Investment), Nick Salisbury (Consultant), and Peter Vernon (Grosvenor Ltd).

Submissions are sought by 31st March and Sir Adrian plans to report his findings and possible recommendations to ministers in June.

Both Aviva and Legal & General are known to be interested in investing in new large-scale developments of private rented housing.


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