PRSim & GVA form strategic partnership
GVA is the UK’s leading and most diverse real estate advisory-led business, together GVA and PRSim will provide the most comprehensive PRS/Build to Rent (BTR) services solution operating in the UK PRS.
The partnership will combine the consultancy and operational residential management business of PRSim, with GVA’s expertise advising BTR investment strategies, funding, valuations, planning, project management and agency transactions.
The partnership will provide those with interests in professionally managed BTR schemes with end-to-end expertise at every stage of the process from finding viable sites and development opportunities, through to ongoing management.
Alastair Carmichael, Head of Real Estate Finance & PRS Lead for GVA, said:
“As an emerging asset class with different dynamics to traditional real estate sectors, an innovative approach to BTR is required. Successful professionally managed BTR schemes are delivered through the integration of different inputs and skills through the strategy formulation, funding, design, development, construction and management stages. The GVA and PRSim partnership provides a ‘package of intelligence’ across all of the entire PRS life cycle.
The UK residential industry is seeing a revolution. Market demand and demographic changes are driving the growth of institutionally funded BTR schemes.”
The partnership will help to bring forward residential schemes in the places they are most needed. The partnership is a national service operating across the UK which meets the requirements of different PRS markets.
David Bond, Head of PRS & Build to Rent at PRSim, commented:
“As one of the UK’s leading property companies with a rich heritage in Residential property lettings, LSL have made a commitment to deliver superior services to the institutional PRS and Build to Rent 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.”
Jo Green, PRSim’s Director of Client Services, concluded:
“The recent launch of PRSim has brought a new level of professional consultancy and management to the PRS/Build to Rent sector with a range of services focussed on enhancing asset values.
Our strategic partnership with GVA, and the complementary skill sets that we both bring to the table, will provide a best in class full service solution which is both unique and consistent with our innovative approach to delivering what we believe investors want by focusing upon delivering long-term, sustainable and attractive income returns.”