Move to enable further expansion in the student accommodation market in the UK
University Living, an international student housing managed marketplace, recently acquired 51% of StudentTenant, an established entity specializing in student accommodation sector in the UK. This strategic move aims to strengthen University Living's presence in the UK's private student housing market and enhance its services for students worldwide. University Living currently offers 2 million beds across 515+ student-centric cities spanning the UK, Ireland, Australia, Europe, USA, and Canada among other prominent countries in the world
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Mumbai, Jul 11: University Living, an international student housing managed marketplace, recently acquired 51% of StudentTenant, an established entity specializing in student accommodation sector in the UK. This strategic move aims to strengthen University Living's presence in the UK's private student housing market and enhance its services for students worldwide. University Living currently offers 2 million beds across 515+ student-centric cities spanning the UK, Ireland, Australia, Europe, USA, and Canada among other prominent countries in the world.
StudentTenant brings over a decade of specialized experience in the private rental sector (PRS) / HMO sector, led by industry experts Adam Ormesher and Karl McKenzie. This acquisition strengthens University Living’s portfolio by more than 10,000 beds, 500,000 students, and 1000 landlords and letting agents in UK. Geographically, the strategic move bolsters University Living's reach across key UK regions, especially in the Northwest & Northeast including Sheffield, York, Durham, Newcastle. The headquarters in Canterbury also enhances their presence in cities such as Luton, Northampton, and Hatfield.
University Living and StudentTenant aim to secure a substantial share of the private HMO market, targeting a projected increase of 2-5% in market share by next year, with a goal of reaching 10% by 2027, and eventually aiming for 30% of the market share by 2030.
"We are enthusiastic about the potential of this partnership with StudentTenant to strengthen our association with universities, and contribute positively to the entire student accommodation ecosystem," said Saurabh Arora, Founder & CEO, University Living. "By combining their local market insights with our global expertise, we aim to set new standards in student housing together in the UK."
The collaboration not only expands their capacity to serve domestic and international students but also supports standalone landlords, letting agents, and property owners through innovative, technology-driven solutions. These solutions include streamlined booking processes and comprehensive property management tools designed to optimize operational efficiency for landlords, including streamline viewing arrangements for students and rent collections for landlords via their proprietary property management system (PMS).
"In the face of evolving regulatory landscapes and economic challenges, this partnership highlights our commitment to providing tailored solutions that not only enhance ROI for landlords but also meet the diverse needs of students from around the world," said Mayank Maheshwari, Co-founder & COO, University Living.
“This groundbreaking acquihire unites two exceptional teams, each with a shared commitment to dominating the student housing market and a combined industry experience of over 100 years. We are thrilled to embark on this next chapter of StudentTenant's journey with University Living. Together, we will build the largest and most dynamic student housing platform in the UK, driven by an aggressive vision and unwavering dedication to transforming the student housing ecosystem,” said Adam Ormesher, Managing Director, StudentTenant.
University Living remains committed to collaborating closely with local councils, local landlords, universities, and other stakeholders, providing holistic solutions that meet the diverse needs of students and property owners alike.
