June 22, 2018

Build to Rent and the future of housing

An insightful new video from the timber industry’s campaign Wood for Good shines the spotlight on the growing Build to Rent sector and examines the unique nature of this market. According to the British Property Federation, there are now almost 120,000 Build to Rent units already built, under construction or

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Issue 322 : Nov 2024

June 22, 2018

Build to Rent and the future of housing

An insightful new video from the timber industry’s campaign Wood for Good shines the spotlight on the growing Build to Rent sector and examines the unique nature of this market. According to the British Property Federation, there are now almost 120,000 Build to Rent units already built, under construction or in planning across the UK; a 30% increase over the last year.  Christiane Lellig, campaign director at Wood for Good said: “Build to Rent is becoming increasingly important in the UK housing market. We teamed up with Build to Rent consultancy LIV Consult and property consultancy Gardiner & Theobald to highlight the growing importance of this sector, to examine some of the opportunities and challenges of this market and also to show how the timber industry can play a central role.” Oliver Booth, partner at property consultancy Gardiner & Theobald, said: “The need for Build to Rent has never been more important. The bottom line is we have an availability of housing crisis in the UK and there are many brave organisations, corporations and institutions stepping up to try and fix that.” Build to Rent developers and investors are in the market for the long haul; choosing higher-end materials such as engineered timber, both within the building’s fabric and the fit and finish that will stand the test of time. Designing for efficiency and specifications that will last long term is a distinct separation from the traditional build for sale market, where cheaper materials and finishes are frequently specified to maximise profits for the developer. Commenting on the unique nature of the Build to Rent market, Ashley Perry, Build to Rent consultancy director at LIV Consult, said: “The Build to Rent market is unique because of its focus on resident experience and efficiency through design, operations and overall long-term use. “Designers and developers have to understand how efficiently the building can operate as that will drive long term income and capital growth for investors.”  Highlighting the pivotal role the timber industry can play, Oliver Booth said: “A major benefit of engineered timber is that it’s fast to construct and that’s good for the Build to Rent model because we need to build quickly. “In addition, organisations want to use timber because it’s such a sustainable product. Those materials that are made and can be disposed of in a sustainable way and that contribute to people’s health and wellbeing, will have a competitive advantage over those that don’t.” Typically, Build to Rent schemes target young professionals, students and downsizers who buy into the lifestyle and convenience of well-built properties with a superior fit and finish, and are close to local amenities.   To view the video click here. To find out more visit www.woodforgood.com

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Tradespeople shake off stereotypes by choosing work over World Cup

For years, tradespeople have been unfairly tarnished with the reputation for prioritising football over work. Many members of the public see them as being a bit too eager to down tools and head to the nearest big screen. Nearly 20 million viewers tuned in to watch England in their first world cup match on Monday 18th June, however, it is the daytime games that will put loyalties to the test in a clash of the World Cup vs work. However, recent research shows that 75% of tradespeople, including builders, carpenters and joiners, will always choose work over football if the two ever conflicted.  According to a poll of more than 1,000 IronmongeryDirect customers, the vast majority of tradespeople claimed they would never consider skipping work to watch their team or the World Cup. Many poll participants are planning when and where they will be watching their team – but outside of work. If they were to ‘pull a sickie’ to watch their team play during the day, tradespeople offered some of the best excuses they would give, with the more elaborate ones including: “I’ve been called up as a late replacement by Gareth Southgate” “My boyfriend’s in labour.” “I’ve got soap in my eyes and can’t find a towel.” “I’ve been delayed at the airport on holiday…in Scarborough.” “My Auntie’s Gerbil is about to give birth and I’m the nominated birthing partner.” Some of the more convincing examples included: “I have a dentist appointment.” “The children are poorly.” “I’ve got the flu.” Employers are recognising that the World Cup is important to many of their staff. Many responded to the polls saying they would be more than happy to be flexible by offering them time off. One respondent stated: “As the boss, I always give my team the time off. It also saves them giving me the daft excuses!”. The research also revealed ongoing optimism among tradespeople, with more than half believing England will make it to the Quarter Finals. Also, half of those polled (49%) said they would give up alcohol for good to see England win the tournament. The UK’s leading online trade supplier, IronmongeryDirect, ran a series of polls to find out more about tradespeople’s attitude to work during the World Cup in June. Andy Wood, football enthusiast and Marketing Director of IronmongeryDirect, said: “The World Cup is an exciting time for many of us – tradespeople are no exception. We wanted to find out how our customers were preparing for the year’s biggest sporting event. The research was carried out in the name of fun, but it was great to see results challenging the outdated stereotype of contractors and other trades professionals neglecting their jobs for football! Tradespeople in Britain work hard, and we hope they enjoy watching World Cup 2018.”

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