Casa by Moda makes North West debut in Wigan

The suburban build-to-rent operator has acquired 93 homes at Northstone’s Tulach development in Pemberton.

Casa by Moda, which already has schemes in Glasgow, Doncaster, and Leeds, has chosen Wigan for its North West debut.

Moda Living’s suburban BTR arm has acquired just shy of 100 homes, comprising a mix of two-, three-, and four-bedroom properties, within Northstone’s 268-home development.

Each of the homes comes equipped with solar panels and rated EPC B. Casa by Moda’s rental packages also include superfast broadband and smart technology such as home security systems, smart doorbells, and sensors – monitoring room temperature and air quality – from the firm’s technology partner Utopi.

Matt Townson, director of development and projects at Casa by Moda, said: “The success of our existing Casa by Moda neighbourhoods has shown there is a demand for high-quality rental homes which offer more than just bricks and mortar.

“Given the outstanding homes, transport links and beautiful outdoor spaces at this location, we are confident Casa at Tulach is going to transform the way people rent in Wigan.”

Joanna Allen, land and partnerships director at Northstone, added: “We are pleased to meet our plan to deliver mixed tenure developments and communities that give greater access and choice to customers with our new energy efficient homes. We believe that we provide something new to the new-build homes market at our Tulach development which has been a great success.

“At Northstone we are incredibly committed to setting a new standard for new builds – in every possible way – from the quality and leading eco innovations in our homes, to the exacting standards in overall design with our Scandi principles and style and industry-leading sustainability initiatives and this is all evident at our Wigan scheme which we are fiercely proud of.”

JLL advised Casa by Moda on the deal. The first homes at Tulach will be available early next year.

Casa by Moda was set up in 2021 with the aim of building 5,000 single-family BTR homes by 2025.

Backed by investment powerhouse Ares, the Caddick Group’s residential build-to-rent arm wanted to enter the sector to take advantage of the capital flowing into it.

Recent research by Knight Frank reported that institutional investors spent a record £1.9bn acquiring or funding SFH in the UK in 2023.