RIBA opens build-to-let ideas contest
The RIBA has launched an international ideas competition for architects and students to design the next generation of private rented housing
Supported by the Wates Group and Wates Family Enterprise Trust, the contest seeks proposals for a suburban neighbourhood of build-to-let dwellings.
The project follows the government’s Montague report and the RIBA-backed Future Homes Commission report which both called for further development of the UK’s private rented market.
Around one in five UK households will live in rented accommodation by 2016. Adam Challis, head of residential research at Jones Lang Lasalle, recently told the AJ the build-to-let market would be developers’ principal focus over the next 12 months (AJ 22.02.2013 - ‘This is build-to-let year’).
In March, Chancellor George Osborne announced a fivefold increase in funds available to finance build-to-let projects.
Open to architects and students of architecture worldwide, the RIBA’s competition features a total prize fund of £12,000. The first prize scheme will receive £6,000.
The judging panel will include Wates Group director Tim Wates and AHMM director Simon Allford who will be acting as the RIBA Adviser.
Wates said: ‘Private rental is becoming an increasingly important part of the housing mix and the likelihood is that large scale investors will enter the market in the next few years. Our hope is that the ideas generated will influence the design of future rental schemes in a very positive way with real benefits to people and communities.’
Allford added: ‘This ideas competition offers the opportunity for speculation on the design of new places and homes that respond to changing family structures whilst helping to construct new ideas of community.’
The deadline for receipt of design entries is 2.00pm on Wednesday 28 August 2013.
Visit the competition website for more information