New Delhi, University Living, a managed global student accommodation marketplace, has acquired a 51 per cent stake in UK-based StudentTenant.
The company did not disclose the value of the deal. In a statement, the company said the strategic move aims to strengthen its presence in the UK private student accommodation market and improve its services for students around the world.
University Living offers 2 million beds in over 515 student-focused cities in the UK, Ireland, Australia, Europe, US and Canada, among others.
StudentTenant brings over a decade of specialist experience in the private rental sector, led by industry experts Adam Ormesher and Karl McKenzie.
This acquisition strengthens University Living's portfolio with more than 10,000 beds, 500,000 students and 1,000 landlords and letting agents in the UK, the company said.
University Living and StudentTenant intend to secure a substantial stake in this space.
“We are excited about the potential of this partnership with StudentTenant to strengthen our partnership with universities and positively contribute to the entire student housing ecosystem,” said Saurabh Arora, Founder and CEO of University Living.
“By combining their local market knowledge with our global experience, we aim to together set new standards in student accommodation in the UK,” he added.
Mayank Maheshwari, co-founder and COO of University Living, said the partnership highlights the company's commitment to providing customized solutions that not only improve return on investment for homeowners but also meet the diverse needs of students across the world.
StudentTenant is a leading provider of tenancy services to the UK student market, offering a wide range of services, including lettings, contracts, rent collection and more.
The company did not disclose the value of the deal. In a statement, the company said the strategic move aims to strengthen its presence in the UK private student accommodation market and improve its services for students around the world.
University Living offers 2 million beds in over 515 student-focused cities in the UK, Ireland, Australia, Europe, US and Canada, among others.
StudentTenant brings over a decade of specialist experience in the private rental sector, led by industry experts Adam Ormesher and Karl McKenzie.
This acquisition strengthens University Living's portfolio with more than 10,000 beds, 500,000 students and 1,000 landlords and letting agents in the UK, the company said.
University Living and StudentTenant intend to secure a substantial stake in this space.
“We are excited about the potential of this partnership with StudentTenant to strengthen our partnership with universities and positively contribute to the entire student housing ecosystem,” said Saurabh Arora, Founder and CEO of University Living.
“By combining their local market knowledge with our global experience, we aim to together set new standards in student accommodation in the UK,” he added.
Mayank Maheshwari, co-founder and COO of University Living, said the partnership highlights the company's commitment to providing customized solutions that not only improve return on investment for homeowners but also meet the diverse needs of students across the world.
StudentTenant is a leading provider of tenancy services to the UK student market, offering a wide range of services, including lettings, contracts, rent collection and more.
