One of the Build to Rent (BTR) sector’s leading developer operators has announced plans for its first Sheffield scheme.

Moda Living has outlined its proposals to bring its lifestyle-focused rental brand to Sheffield for the first time, with a new BTR neighbourhood in the city centre.

The firm is working with a number of global institutional investment partners to deliver its growing pipeline of 20,000 homes for rent, which makes it one of the biggest operators in the fast-growing sector.

The pipeline, which is worth a combined £6.5 billion, is aiming to address the need for quality new homes for rent across the UK by providing a range of offerings at different price points to ‘ensure something for everyone’.  

The latest site, situated in the heart of Sheffield city centre, was acquired with planning permission for 410 new homes for rent across 26 storeys. This ranges from studios to three-bedroom homes.

In addition, the neighbourhood will also include a host of amenities including a gym and resident lounges as well as 2,600 sq ft of commercial space for retail use. 

Construction on the Milton Street neighbourhood is due to start in the second quarter of next year.

“As a Yorkshire-based family business with a UK wide reach we are really excited to bring Moda to Sheffield – we know this is a fantastic city full of history and culture right on our doorstep. The Milton Street neighbourhood will allow us to make our mark here while bringing a new generation of rental living to Sheffield City Centre?” Tony Brooks managing director at Moda Living, said.

“We provide our residents with a living experience unlike any other, with a focus on outstanding customer service, building sustainable communities, strong ESG performance and using the latest smart technology to support their lifestyles. We look forward to continuing this legacy in the brilliant city of Sheffield. With the UK’s housing crisis worsening we are committed to continue our investing in towns and cities across the UK to provide great quality managed homes for a wide demographic.”

*Angels Media and Property Investor Today are deeply saddened by the passing of Queen Elizabeth II*