New merger, new market, new opportunity
There are exciting times ahead for us here at Ringley. We have just joined forces with Manchester-based lettings agent JP Hay to expand our coverage in the North and Midlands and to develop our presence in the rapidly expanding build-to-rent (BTR) market.
Manchester is key to this rapidly expanding sector of the market, with 11,135 residential units now being built in the city centre - the majority of which are BTR. According to Deloitte?s Manchester Crane Survey 2018 there are 4,172 more units coming on line this year than in 2017.
The expansion of BTR in the city is being underpinned by developments such as the arrival of HS2, a growing student population which currently stands at 60,000, plus a regional economy on the rise. Manchester is a place people want to live and BTR products are set to dominate the supply of residential property in the city. As a well-respected local lettings and property management agency which has been awarded both Best Sales & Lettings (2015 and 2018) and Best Residential Property Management Company (2018), JP Hay are perfectly placed to join Ringley (also a multi-award-winning business!) in maximising the opportunities that this presents. The company already manages 333 BTR units and is set to acquire more.
A recent article in Property Week stated that ?long term BTR success is built on people? We agree. JP Hay MD Samantha Hay shares the same passion for designing quality customer journeys that we at Ringley have always strived to achieve. We are really excited about integrating the best of both our businesses into the bespoke PlanetRent software we have designed in order to solve the challenges brought to us by key institutional clients such as Longharbour, Patrizia, Moda, Grosvenor, the Blackmore Group and Curlew Capital.
The merger underpins Ringley?s BTR delivery and strengthens our position outside London and the South East. The Manchester business will be branded Life by Ringley, covering operational sites throughout the North and the Midlands and we will be expanding our existing service charge and block management activities by adding Manchester to our Liverpool operation. We are committed to contributing to the growth and success of the Northern Powerhouse initiative and our expanding presence in the north of England will be supported by our London-based legal and financial operational teams. Our London based business will now become Home by Ringley.
New company branding and logos are now in development, so watch this space for more about our exciting new venture in the weeks to come.
Author : Mary-Anne Bowring
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