Staines-Upon-Thames BTR development to deliver over 300 ‘much-needed’ homes

Greystar Real Estate Partners LLC has forward funded a 391-home development in Surrey from Dandara Living, a BTR developer, marking the latest transaction in its strong UK growth strategy.

The ‘attractive’ site, Renshaw’s Yard, is located adjacent to the Staines-Upon-Thames town centre and a 5-minute walk from the train station.

Staines, west of London, has abundant green spaces, direct access to riverside living and boutique retail shops, offering local residents quintessential suburban amenities to enjoy, from walking and cycling routes, to several pubs and restaurants for relaxing along the river.

It also provides excellent links to key Outer London locations via the M25 motorway and is only a 35-minute train journey to Central London.

The well-amenitised development, designed by Hodder + Partners and Aros, will consist of 345 private units, six private three-bed townhouses and 40 Discounted Market Rent (DMR) units, as well as a basement with 215 car parking spaces and 396 cycle storage spaces.

The external amenity space has been designed to enhance residents’ living experience, and will feature a lounge, private dining room, co-working space, gym, and private courtyard gardens.

Since launching in the UK in 2013, Greystar has continued to play a key role in addressing the ‘chronic under-supply’ of rental housing by providing high-quality homes, designed for community living and with ‘exceptional amenities’, that cater for a broad demographic of residents.

The Renshaw’s Yard site benefits from planning permission for a BTR multi-family planning consent, obtained in December 2022. The site has already been cleared for construction, which Dandara Living will commence in Q4 2023, with an expected completion date of Q3 2026.

Harry Downes, Managing Director, UK Investment, Greystar, commented: “The acquisition of Renshaw’s Yard will provide much-needed rental housing in Surrey, a region constrained by limited supply but fast-growing demand for a high-quality rental product.

“Part of the M3 local enterprise corridor, and adjacent to the M4 tech corridor housing several global creative and technology companies, Staines provides excellent proximity to employment hubs and is increasingly attracting new talent to the region.

“This has led to significant residential-led regeneration in the areas, with approximately 1,750 apartments currently in the pipeline to house existing and new residents drawn to Staine’s well-connected location paired with enviable riverside living.”

By Matthew Neville – Senior Correspondent, Bdaily

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