Native Residential announces two new build-to-rent neighbourhood wins in the north of England.

  • Cheyne Capital appoints Native Residential for social impact-led BTR asset Poplin in Manchester
  • Durham County Council appoints Native Residential to operate The Gardens in the heart of Durham

LONDON | April 2023: Native Residential won two significant new mandates in Manchester and Durham.

Alternative asset manager Cheyne Capital – funded through Cheyne Capital’s Impact Real Estate strategy – has appointed Native Residential to operate and manage Poplin in Manchester, a new rental living experience, underpinned by social impact and best in-class design.

Native Residential has also won a mandate to operate The Gardens, the residential component of Milburngate, a 450,000 sq ft mixed-use neighbourhood with office, retail, leisure and residential space on the banks of the River Wear, Durham.

Poplin, Manchester | Opening later this year as part of Cheyne Capital’s Impact Real Estate strategy which addresses the chronic shortage of housing solutions for under-served groups in the UK, Poplin is a best-in-class scheme that will provide new homes for local key workers. Tenants will benefit from 35% of the homes being offered at meaningfully discounted rents, with capped rental increases to give longer term certainty for residents.

Named after the material poplin, which was used to manufacture coats on the building’s site during the Second World War, Poplin will comprise 144 premium one, two and three-bedroom rental apartments, with interiors designed by the award-winning YOUTH. It will feature 3,500 sq ft of contemporary amenities including a residents’ lounge, co-working spaces, private dining room and a communal roof terrace with a stunning view of Manchester.

The Gardens, Durham | Native Residential has also been appointed to operate and deliver The Gardens at Milburngate, part of a brand new 450,000 sq ft mixed-use development in the heart of Durham.

Welcoming first residents in spring 2023, The Gardens will comprise 153 modern and pet-friendly apartments with wider amenities, including rooftop terraces overlooking Durham’s historic skyline.

Set on the banks of the River Wear, Milburngate also comprises 230,000 sq ft of grade A office space and over 60,000 sq ft of retail and leisure space and a 92 bed Premier Inn. It has been developed in partnership between Arlington Real Estate and Richardson.

Jack Greenhalf, Head of Development at Cheyne Capital, said:

“Poplin is our latest BTR asset and we’re delighted to work with an operator who is as devoted to quality management and the
resident experience as Native Residential. We believe they have the expertise and track record we need to create communities across the UK. This partnership will bring an exciting development to central Manchester and provide not only quality, but also affordable, rental homes in a characterful and community-centred environment.”

Rajiv Mehta, Director of Operations UK at Native Residential, said: “We are very excited to have secured Poplin and The Gardens – two very important schemes, offering something unique for both Manchester and Durham. At Native Residential we pride ourselves on delivering exceptional service for our clients and we have no doubt that these new communities will thrive under our operation.