Forbes Place by Dandara Living is the first private rental scheme (PRS) to be developed in the city, constructed in response to continuous high-demand for homes for lease which provide security of tenure.

The development at Stoneywood features 276 apartments and 16 townhouses, all fully furnished and available for rental only, offering tenants reliable and luxurious accommodation within a community focused neighbourhood.

Addressing a significant shortfall in quality rental accommodation in the city, Forbes Place provides mobile professionals, those who cannot afford to buy a home but want to secure a high standard of accommodation, and companies seeking to reduce their reliance on hotel rooms and privately-owned, rental properties.

It attracted more than 600 enquiries from prospective tenants, and more than 50 per cent were pre-let before the first properties were completed.

Forbes Place has been nominated for three awards at the upcoming UK round of the International Property Awards, receiving nods in the Residential High Rise Development, Apartment/Condominium and Development Marketing categories.

It was purchased by global property leader LaSalle Investment Management before construction began, in July 2015, and is being managed by Dandara Living.

Dandara Living lettings manager, Mandy Anderson, said: “Forbes Place replaces the need for companies and people who move from location to location to rely on hotel accommodation to provide the higher standard of living they demand.

“Tenants do not need to worry about receiving an unexpected notice to leave their apartment or townhouse because the landlord has decided to sell the property – a tenancy at Forbes Place lasts as long as you need it to.”