Build-to-rent operator launches ‘portable tenancies’ at London developments

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A build-to-rent operator in the capital is trying out a new concept in the UK private rental market – portable tenancies.

Residential management company Apo’s new development in London’s East End (pictured) allows tenants to live, work and play in one location, offering services and amenities to take the hassle out of everyday life.

Dubbed ‘rental-meets-living’, its target audience of mainly young professionals will get a sense of community in Barking, but if they fancy a change, can up sticks and move into a partner development currently being built in Kew, just by giving a month’s notice.

‘Life admin’ is made easier, promises Apo, as tenants get a single monthly bill for all utilities and can access the co-working space, roof terrace, studios and private gym.

The site has its own apiary and home-made honey, bike club, handyman for DIY tasks and a guest apartment for visiting friends and family. Members can opt in and out of perks at any time, only paying for what they need.

Matthew Pullen, CEO of Apo, says the offer addresses common concerns about renting and creates an easier and more enjoyable way of living.

“Our mission at Apo is to constantly evolve our offering by working closely with our members to bring fresh ideas to the table and adapt to their growing needs,” says Pullen.

“We are all about inclusivity and putting the fun back into London living.”

The 597 flats start at £1,200 per month for a studio, £1,300 for a one-bedroom apartment and £1,585 for two-bedrooms.

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