Buchan aligns with CallisonRTKL to target burgeoning Build to Rent market

Buchan, which enjoys a 130-year history of delivering award-winning architecture, across Australia and New Zealand, has announced the establishment of an innovative alliance with CallisonRTKL (CRTKL), the global architecture, planning and design practice. Now in its 75th year, CRTKL has become internationally renowned for its cross-sector expertise and delivery of dynamic urban environments that bring together outcomes across residential, hospitality, retail, workplace, and healthcare.

Built on their 30-year working relationship and shared commitment to design excellence, the allied approach of Buchan and CRTKL gives clients access to the best of global insight, local market knowledge, and proven Build to Rent (BTR) experience.

The combined intelligence and joint synergies of the two firms bring new efficiencies to developers and investors looking to reposition their portfolios to meet evolved market demands and post-COVID realities.

“The property world is seeing rapid and long-lasting changes in what consumers want and desire,” says CRTKL Principal, Randy Galang, who spent several years in Melbourne growing the practice’s Australian operations.

“This change in consumer behaviour is consequently driving a shift in investment priorities, with mixed-use, multi-sector assets becoming the norm. Residential is one component of that mix – key to any lifestyle-led investment is a rental product that can foster a sense of community and bring soul to an urban environment,” says Galang.

While the firms remain independent, Buchan and CRTKL will focus their initial efforts as an allied group in the growing BTR market and introduce a new model for universal mixed-use developments that is unique to the Australasian market and founded on global best practices.

“Design decisions have a huge impact on the success of any BTR project, and our collective offer will demonstrate that by driving a sustainable return through a better product – we are removing the learning curve for developers and operators and applying lessons from the United States and the United Kingdom, where we have spent 35 years developing BTR, lifestyle-led products,” says Galang.

Having delivered award-winning projects together in New South Wales, Victoria, Queensland and Western Australia, Buchan and CRTKL are accustomed to functioning as ‘one studio’ and finding new purpose for capital investment.

“2021 offers the opportunity to meet growing market demand for BTR and aligning with CRTKL sees us well positioned to harness this shift. The pandemic has encouraged us to make changes to the way we live and engage with our communities and the Buchan x CRTKL, ’One Studio‘ approach is ideally positioned to shape a better built environment,” says Bruce Shaw, Director and Principal at Buchan.

“Our model is designed to be fully interactive and participative. We understand some architectural collaborations experience miscommunication and issues around project delivery with key elements of the project falling between the cracks, which can impact quality, timeframes and costs; we are digging deeper into the collaborative process to enhance outcomes”.

The aligned approach of the two firms is on providing a sustainable return on investment and maximising energy saving initiatives that generate value over the lifecycle of assets. The outcome of this focus will be to attract a growing number of residents who value the benefits of comfortable housing, lower energy bills, and a lighter carbon footprint.

ABOUT BUCHAN

Buchan is an acclaimed architectural, interior and brand-experience practice, operating across studios in Australia, New Zealand, and China.

For almost 130 years, Buchan has designed engaging buildings that are effective in their function, appropriate to their context, successful for their owners and beautiful in their form.

www.buchangroup.com

ABOUT CRTKL

CRTKL is a global architecture, planning and design practice that began over seven decades ago and has since evolved into a cultural agency to advance positive outcomes in our local and global communities. Through a human-centric design approach our team addresses the imperatives of resiliency, wellbeing and technology and their influence in the built environment.

www.callisonrtkl.com

Images: Origin Tower at Ballston Quarter, USA; Cotton Field Wharf, UK; and Station Hill South, UK by CallisonRTKL

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