The chairman of Allsop Residential Investment Management is to join UK fund management giant M&G’s real estate arm as a consultant to advise on strategy in the private-rented sector.

Alan Collett is taking on the role in the wake of M&G Real Estate's £105.4 million acquisition in April of more than 500 private-rental units in the UK from Berkeley Group. He also assumes the new role as the UK government looks to boost development of the rental market.