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Hub secures approval to expand Rehearsal Rooms build-to-rent scheme

Developer Hub has been given the green light to expand a £43.5m build-to-rent scheme in Acton, west London.

Planning approval has been granted to add three floors to the Rehearsal Rooms development, which is being built by Henry Construction.

The project will now deliver 173 homes for rent – up from 152 – across two buildings, which will span 16 and 13 storeys in height.

The project is being development by Hub for investor M&G Real Estates, which has forward-funded the scheme.

Hub development manager Damien Sharkey said: “Despite current political and economic uncertainty, the demand for quality housing accessible to regular Londoners isn’t going to change.

“By agreeing the capital’s biggest loft extension, Ealing council has allowed us to make more efficient use of the site.”

M&G Real Estate fund manager Alex Greaves added: “As a global real estate investor we are confident that the build-to-rent sector offers long-term growth potential with considerable diversification benefits for investors.

“There is huge potential to replicate the Rehearsal Rooms model of combining great purpose-built rented housing and affordable subsidised units for key workers right across the UK.”

In March, M&G Real Estates told Construction News it was on the hunt for construction partners to expand further into the build-to-rent sector.

Mr Greaves said M&G had already begun talks with contractors about potential tie-ups. It would work directly with major contractors that have development or investment arms to find relevant sites.

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