Moda Living reveals plans for Sheffield BTR development

Moda Living has revealed plans for its first build-to-rent (BTR) development in Sheffield.The rental living developer and operator has acquired a site with planning permission for a 26-storey building comprising 410 units, ranging from studios to three-bedroom homes.The proposed Milton Street development would also include a host of amenities including a gym and resident lounges as well as 2,600 sq ft of commercial space for retail use.With a GDV of £136m, the scheme would provide new homes with a centralised amenity provision and flexible spaces in a low- to mid-rise built form. The development would also have strong ESG credentials, which also help Moda keep the cost of utilities down for its residents.Tony Brooks, managing director at Moda Living, said: “As a Yorkshire-based family business with a UK wide reach we are really excited to bring Moda to Sheffield – we know this is a fantastic city full of history and culture right on our doorstep. The Milton Street neighbourhood will allow us to make our mark here while bringing a new generation of rental living to Sheffield city centre.”We provide our residents with a living experience unlike any other, with a focus on outstanding customer service, building sustainable communities, strong ESG performance and using the latest smart technology to support their lifestyles. We look forward to continuing this legacy in the brilliant city of Sheffield.”With the UK’s housing crisis worsening we are committed to continue our investing in towns and cities across the UK to provide great quality managed homes for a wide demographic.”Moda is working with a number of global institutional investment partners to bring forward its growing pipeline of 20,000 homes for rent. Worth a combined £6.5bn, the pipeline aims to address the need for new homes for rent across the UK.