Agency wins race to manage high profile Build To Rent scheme

A lettings agency is celebrating winning the obstruction to let and manage a 63 unit Build To Rent scheme for students in Bath.

Carter Jonas’s BTR division will manage the Old Bakery Yard development on behalf of MCP Bath Ltd, a group which concentrates on mixed-use, leisure, residential and retail developments, usually on brownfield sites in the West Country and Wales, with a particular focus on Bristol and Bath. 

Construction began on the new Bath scheme in October last year. On completion, it will incorporate two new buildings, one housing student accommodation and the other offering 5,000 square feet of flexible open-plan employment space.

Led by Lee Richards, Carter Jonas’ BTR offer specialises in providing consultancy and lettings and management services on large portfolios owned by estates, trusts, investment funds, charities, pension funds and developers. 

This new instruction is part of the firm’s long-term involvement with Old Bakery Yard, having advised on the scheme’s design, operational management, and feasibility. 

Lettings and management services will be supported by Carter Jonas’ Bath team, including head of lettings, Sharon Hunter.

Lee Richards says: “Being Bath-born and raised, I remember the Old Bakery from my childhood. I feel incredibly lucky to be working with our client as they unlock its potential to deliver much needed, high-quality student accommodation as part of this exciting mixed-use scheme.”

Ross Chester of MCP Bath adds: “We are very excited to be delivering high-quality student accommodation in a highly sustainable location which is well connected via public transport to the Universities and the city centre.  

“The accommodation includes next generation broadband connectivity, laundry and postal management systems, which will give the students a first-class experience in beautifully designed apartments.”