LSL Property Services’ new consultancy and management service for the Build To Rent sector - PRSim - has teamed up with commercial property operators GVA to provide what they call ‘end to end service’ for the institutional rental sector.
LSL unveiled PRSim last month, and now with GVA it says the combined offer to Build To Rent operators will cover operational residential management business, investment strategies, funding, valuations, planning, project management and agency transactions.
The combined offer will include expertise from finding viable sites and development opportunities, through to ongoing management.
“As one of the UK’s leading property companies with a rich heritage in residential property lettings, LSL has made a commitment to deliver superior services to the institutional private rental sector sector with the launch of PRSim. By adopting a strategic partnership with GVA, we believe this will further deliver unrivalled services to the sector that until now has simply not been available” says David Bond head of Build To Rent at PRSim.
“The UK residential industry is seeing a revolution. Market demand and demographic changes are driving the growth of institutionally funded BTR schemes” claims GVA spokesman Alastair Carmichael.