LRG Appointed to Manage and Maintain BTR properties in popular Medway waterfront development
National property services group Leaders Romans Group (LRG) has been instructed by Medway Development Company to manage and maintain 86 PRS Build to Rent (BTR) properties which are currently being constructed in the popular new riverside development in Chatham, Kent.
LRG will manage 15 two-bed apartments at Garrison Point, a tranquil development of 106 one and two-bedroom apartments which offers its residents a combination of modern convenience and breath-taking views of the surrounding historic parks and woodland.
It has also been appointed to manage a further 71 units (7 studios, 12 one beds, 52 two beds) in phase 2, Chatham Waterfront. Chatham's newest riverside community, this will provide175 one, two and three-bedroom apartments, set in beautifully landscaped open space near the heart of the city.
Andy Jones, Group Director Corporate & BTR at LRG said, “We are extremely pleased to be part of this exciting regeneration of the Medway, which is set to transform this former dockyard site. This high-quality, mixed-use development on the town centre’s waterfront will act as a driver for further regeneration in the area and is already proving to be extremely popular.
“It is unsurprising that these units are to be available for rent: increasingly, young people and families look to renting as a lifestyle choice, with the number of households renting privately increasing by 93% in the last 15 years. The increased popularity is not solely linked to mortgage rates or the economy, but is part of a longer term trend which also responds to the preference among younger generations for more flexibility.
“Furthermore, schemes such as these offer so much more than just an apartment: the rich mix of uses will create a uniquely vibrant scheme with something to offer everyone, while the inclusion of residential units in this location will significantly benefit the vitality of the town centre.”
LRG has substantial expertise in the BTR sector and has recently produced a comprehensive white paper, BTR suburban communities: the next stage in the evolution of Build to Rent, which is explains how and why this property asset class is increasingly so rapidly in popularity.
Interested in more information?
LRG: Telephone number: 01344 835700
LRG email address: medwaydevelopment@lrg.co.uk
