Landsec And British Land Get Into BTR

London’s two largest REITs, which have for the past two decades concentrated on offices and retail, are making their first moves into the build-to-rent sector.

Landsec and British Land are both making moves to become developers of large, mixed-use schemes, rather than focusing on two traditional asset classes. Both are in the process of building new assets outside of their recent home territory and redeveloping existing schemes to include new uses. Rented residential is to the fore in both cases.