Tom Starkey has been hired to help shape Hill’s BTR strategy
Hill Group has named Tom Starkey as its new build to rent and commercial asset manager, the housebuilder’s first dedicated role focused on build to rent.
Starkey, who previously worked at Taylor Wimpey, Berkeley Group and developer HUB, will oversee Hill’s strategy and growth in the BTR market.
As part of Hill’s five-year business plan, the housebuilder aims to explore partnerships with investors through forward funding, forward commit, and joint ventures to expand its presence in the build to rent (BtR) market.
Starkey started his career as a land buyer at Taylor Wimpey, and then at Berkeley Group. Most recently, he worked as a senior acquisitions manager at developer and BtR regeneration specialist HUB.
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In his role at HUB, Starkey delivered deals in London, Birmingham and Bath.
Hill’s existing BtR pipeline includes projects in Coventry, Wembley, and Stevenage, though the company has yet to disclose how many homes it plans to deliver through its BtR strategy.
Andy Hill OBE, founder and group chief executive of The Hill Group, said: “Tom’s detailed understanding of the BtR market will prove invaluable as we strive to deliver on our ambitious plans and develop our offering. We are delighted to welcome Tom to our team and excited to see this area of the Group evolve under his leadership and expertise.”
Hill Group posted overall turnover of £1.1bn in the year to 31 March and built 2,866 homes.
A recent report by the multinational banking group BNP Paribas indicates that the value of the UK’s operational living sectors has the potential to more than double over the next five years if the conditions are right.
The student housing, build to rent, single family rental and senior living sectors are currently worth a combined £190bn based on current demand, but this could balloon to more than £470bn by 2029, the firm’s real estate division has found.
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