Student lettings provider snaps up city counterpart

Student lettings and management company Uni2 Rent has acquired Full House Management, which traded as Nottingham West Lettings, for an undisclosed figure.

Uni2 Rent – which was founded in Nottingham by then-student Ed Henderson in 2012 – has bought an additional 204 student rooms across 50 properties, expanding the number under its management to over 1,200 across the city.

The majority of the newly acquired properties are houses of multiple occupancy (HMOs) located in Lenton – one of Nottingham’s prime student areas.

Uni2 Rent’s founder and managing director, Ed Henderson, said: “This strategic acquisition is a firm statement of how strong the student HMO market is and has allowed us to work with more landlords to further our investment in this sector.

“Students remain at the heart of our business and the demand for our high-quality rooms and the transparent service we offer, enables us to grow and innovate. The acquisition of Nottingham West Lettings was a natural step for us as we look to further expand our business and presence in Nottingham.

“Our strategy is to look at similar deals with other businesses in the near future – the June 2019 Tenant Fees Act coming into force has affected some small agencies and if any are looking to sell, we’re perfectly placed to take on further acquisitions.”

Nottingham West Lettings’ former owner, Stephen Bristow, said: “With Ed’s forward thinking approach and proven track record of acquisition, I’m pleased that Uni2 Rent have taken our business to the next level.

“The company has embraced our portfolio, used its expertise to increase landlord rental income and provided a team of specialists in each area of property lettings and management. Ed and the team will continue to guide landlords through the complex regulatory industry and I wish him and the team the very best.”

The acquisition was advised upon by Fraser Brown Solicitors (recently acquired by Knights) and Butler Cook Chartered Accountants.