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31st Aug 2023|Life at Centrick|News|BTR & Asset Management|

Latest Sheffield BTR Development Now 100% Let

Iron Yard, Sheffield’s latest Build-To-Rent (BTR) offering, is 100% let just 14 weeks after it was launched to the public.

More than 30% of the 95 one and two-bedroom boutique apartments were let to tenants on the first day of the launch, and a recent open day attracted more than 100 potential tenants, demonstrating the strong demand for high quality BTR living in the city.

Situated in the heart of the city centre, Iron Yard features a gym, concierge service, residents’ lounge, co-working space and communal garden, as well as extensive private parking with EV chargers available.

Oblix Living CEO Rishi Passi said: “Iron Yard was designed to meet the needs of Sheffield’s rising community of young professionals. Everything from the communal amenity spaces to the on-site team and of course the design and finish of the apartments themselves.

“I’m delighted that the development is 100% let in such a short space of time. The demand has been so strong and the response overwhelmingly positive. It’s a real testament to the city and to the partnership with Centrick that Iron Yard has attracted such a diverse range of residents so quickly.”

Residential property management specialist Centrick has been appointed to manage Iron Yard, providing its market leading BTR services, through its new VICI platform.

VICI director Clare Johnson said: “Iron Yard is a fantastic development and we are looking forward to working alongside Oblix Living to deliver outstanding consulting and operational BTR services, which we have continued to grow over many years of experience and expertise in this key growth sector. We are going to work together with tenants to create a thriving, sustainable community within this fabulous new development and are already planning the next unmissable community events.”

Oblix Living is a specialist developer, investor and operator of residential rental assets in strategically selected locations across the UK. It develops mid-sized schemes in urban areas where there is demand for well serviced rental accommodation with plenty of on-site amenities.

Centrick founder James Ackrill said: “The response to the launch of the Iron Yard is enormously exciting. It is great to see it coming to life and a new community being created. Working with Oblix Living has been a pleasure and it is great to see their vision come to fruition.

“Centrick has extensive experience in the BTR sector and through VICI, our new dedicated division, we are working alongside developers and funds operating in the rapidly expanding BTR sector. Investment in BTR has soared in recent years and it has the potential to grow significantly in cities and towns right across the UK.”

About Oblix Living

Oblix Living is a specialist developer, investor, and operator of residential rental assets in strategically selected locations across the UK. It develops mid-sized schemes in urban areas where there is demand for well serviced rental accommodation.

The company was formed founded by seasoned global real estate entrepreneur Rishi Passi and investment specialist Anthony James in 2020 with the vision of developing a portfolio of institutional grade residential assets throughout the UK.

Oblix Living currently has its first scheme, Iron Yard, under construction in Sheffield and is currently in the process of acquiring additional sites.

About Centrick

Centrick prides itself on being a company of knowledgeable industry experts with a joined-up approach to all aspects of residential and commercial property. Innovation is at the heart of everything it does, helping it to adapt to the ever-changing market. This is all underpinned with a strong ethical code of trust and family values, where the team works as one to deliver exceptional service.

Specialists across the residential property sector, Centrick is forward-thinking and agile; always looking for new ways to work flexibly to meet the needs of its clients, using its strength and depth, across the property sector. By investing in talent, leading the way on industry practices, developing its technology and systems, it delivers an outstanding service to clients. Providing services across the UK, with offices in Birmingham, Solihull, Nottingham, Southampton and London, Centrick’s services include:

– Residential sales

– Residential lettings

– New homes

– Build to Rent – BTR, Student & SFH

– Asset Management

– Insolvency

– Estate Management

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