Uk Letting Agency Settio Launches Service Build Rent Institutional Investors
Settio, a property letting agency headquartered in Manchester, is expanding its services to meet the demands of institutional investors and funds in the UK’s Build-to-Rent (BTR) sector. In a recent announcement, the company revealed its plans for Settio Living, which aims to offer operational services to institutional investors and funds who acquire buildings. These services include faster lease-up, higher occupancy rates, and improved resident retention.
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Settio Living is an extension of the company’s existing lettings and property management services in the private residential sector (PRS). Currently, the company caters to overseas clients and supports over 2,500 individual landlord clients with residential investments in the UK. With its comprehensive range of services, Settio claims to offer complete peace of mind to its PRS clients, from supporting off-plan investments to future resale.
With offices in Manchester, London, and Singapore, Settio plans to open a new office in Birmingham this year. The company currently manages over GBP525 million ($908 million) worth of property.
Settio has previously ventured into the BTR sector by supporting the lease-up efforts of operators at key developments, such as Legal & General’s Slate Yard in Salford and Vita Group’s Union and Uhaus in Manchester.
According to Samuel Fitz-Hugh, co-founder of Settio, the BTR sector has seen rapid growth in the past five years. As with any new product or service, there is a need to reflect on what can be done better, more efficiently, and more profitably. Fitz-Hugh believes that Settio Living will bring a fresh and innovative approach to the BTR sector, delivering better results for investors and communities.