Plans approved for 454-home build-to-rent and co-living scheme in Bath

A £2.3m contribution will also go towards Bath and North East Somerset Council’s social and environmental infrastructure, to support social housing projects and the Bath River Line project, which aims to create a 10km linear park following the River Avon.

There will be six commercial spaces, play areas, improved pedestrian and cycle routes and green spaces, which will deliver a Biodiversity Net Gain of over 20% through gardens and landscaping.

Adam Amijee, investment manager at Bridges Fund Management, said the scheme will be built to the “highest environmental standards”.

Hub and Bridges have delivered similar schemes, including projects in London and Leeds.

Victoria Manston, head of development at Hub, said: “Pines Way is a crucial part of the wider regeneration happening in this area, and demonstrates the catalytic impact BTR can have for driving investment in places to see them transformed for the better.”

Inside Housing reported that investment in BTR homes reached £1.4bn in the first quarter of 2025, largely propelled by deals in multifamily homes.

Analysis by property agency JLL has revealed that multifamily homes – residential buildings containing multiple flats – accounted for £1.07bn of the total investment during the period.

The largest deal was a £160m tie-up between Legal & General, Dutch pension investor PGGM and UK workplace pension scheme Nest to forward fund the development of a 494-flat scheme in Manchester.

Earlier this year, housing association Peabody and house builder Hill Group agreed a £116m deal with a BTR investor for part of a large development in east London.