Sutton Point is one of the largest developments in the Borough. The project will create over 330 new homes in a popular area as well as delivering new commercial spaces for different uses. Not surprisingly such a large development is attracting other companies to invest in the area too.

One such is Invesco Real Estate (IRE). The global investor specialises in direct real estate, investing over $18.5 billion in thirty plus years of business. It was recently revealed that they would invest £54.5 million to forward fund a twenty storey, 180 home build to rent residential tower in Sutton.

Named East Tower, the property will provide homes of varying size, from single bedroom studios to larger three bed family apartments. In addition there will be a selection of penthouses on offer.

IRE is tailoring the project to suit the local market, creating homes that will appeal to sharers, young professionals, and families too. They chose to make the investment after seeing how strong the demand for rental homes continues to be, particularly in Sutton where supply is limited.

IRE’s move to invest in the UK is further evidence that companies believe the future outlook for the build to rent market to be strong. The property in Sutton will be only a portion of their involvement in the UK. A previous announcement revealed they would invest £116 million and manage a portfolio of private rental sector (PRS) properties across the South East and South West.

As you can see Sutton is proving to be a popular London Borough with developers as a result of the big demand from home seekers. At Finefair we have been working hard over the years to cater for the rise in rental demand by working with investors to make properties available. One way we do this is by offering guaranteed rent in Sutton. This gives the landlords protection in regards to securing the monthly rental income.

If you would like to learn more about our services you can contact the Finefair team.