Student accommodation provider Student Cribs has secured £200m in funding from institutions to expand its portfolio - and it’s looking for HMOs to buy.
Over the next four years, Student Cribs will use the investment to extend its portfolio by 500 properties offering a potential 3,500 bedrooms.
Acquisition targets include individual HMOs in high quality university cities, portfolios of HMOs and period conversion opportunities.
Manchester, Durham, Exeter and Cardiff are among some of the proposed target locations, as well as other major university towns and cities.
This fundraise is the largest capital raising secured by the company, which was founded in 2002 by entrepreneur Charlie Vaughan-Lee while he was an undergraduate.
The company has since established a portfolio of over 180 properties in 12 towns and cities across the UK: it offers super-fast broadband, American fridge freezers and TVs in every bedroom.