The former Peek Frean biscuit factory site in southeast London is being developed by Grosvenor Group as one of the biggest buy-to-rent schemes in the capital

The number of build-to-rent schemes in Britain has jumped sharply over the past year as investors, pensions and developers pour millions into the sector to benefit from adults renting for longer.

The number of purpose-built rental homes complete, under construction or in planning has increased by 30 per cent in the past year.

Build-to-rent schemes are blocks of flats constructed solely for renting out and managed by one company. Many come with concierges, rooftop bars and gyms, while most are being bankrolled by large institutional investors, including pension and insurance funds such as M&G and Legal & General.

Rising house prices have led to an expanding “Generation Rent” priced out of home ownership, with more than 1.1 million people between the ages of 35 to