Student property firm builds £2.6m war chest
A Nottingham letting agent and property management company says it has built up a £2.6m acquisition fund just three weeks after opening in the city.
University accommodation lettings agent and property management company, Student Housing, officially opened its Nottingham office on Ilkeston Road last weekend with a party for landlords and investors.
“The evening was a great success, and we secured £2.6m from people wanting to invest in Nottingham property,” says Harry Conti, director of Student Housing.
“We have already started to identify suitable properties to acquire on their behalf and are delighted to say we’ve just had an offer accepted on our first target, a block of six studio apartments.”
Student Housing was established in 2015 by former university students, Conti and Marcus Askam-Yates. Disappointed with the standard of accommodation they could find to rent; the business partners left university halfway through their degrees to start the business.
The company provides accommodation to over 1,000 University of Lincoln students and manages over 300 properties in the city, working with both private and institutional landlords and investors.
“I think it’s fair to say we are Lincoln’s largest specialist agency. We’ve grown quite quickly because we know students, we know what they’re looking for and the types of property that appeal to them better than anyone else,” added Conti.
“We’re looking forward to helping landlords and investors in Nottingham generate the best possible yields and also to providing students with exceptional accommodation.”