The Ringley Group has acquired fellow property management specialist JP Hay to support its growth in the build-to-rent (BTR) market.
Acquiring Manchester-based JP Hay will enable Ringley to take advantage of the growing number of BTR schemes in the North West.
“We’ve got a lot of institutional clients who want us to act for them in Manchester so it made perfect sense for us to have an office up there,” said Ringley non-executive director Andrew Pratt.
Following the deal, Ringley, which won property manager of the year at this year’s RESI Awards, will look for a larger office in Manchester.
Ringley managing director Mary-Anne Bowring said she shared a similar business philosophy with JP Hay founder Sam Hay. “We’re both early tech adopters and share a passion for planning the customer journey in detail,” she said.
Ringley has developed a tech platform called Planet Rent that automates the letting process, allowing front-of-house staff to conduct viewings and sign up new tenants.
Landlords can use the app to market properties via the main portals, organise viewings and make offers, complete compliance checks, and take care of maintenance.
Bowring said its aim was to offer “the consistency of delivery of Premier Inn with the quality of service of institutional student accommodation”.
As well as expanding in the North East, Ringley is also growing its presence in London where it is about move into larger offices close to its existing base in Camden.