In a deal thought to be the first of its kind in the UK, Liverpool Students’ Union and lettings agent City Residential are jointly forming a new business.
Student Union Lettings Ltd has been established as a 50:50 joint venture with two directors from each partner organisation, shortly to be joined by an independent.
Student Union Lettings is already recruiting landlords who, once vetted and approved, will enjoy unrivalled access to 26,000 students through the company’s website, a dedicated office on Victoria Street and the student union itself.
City Residential, established in 2000, is one of the region’s leading agents, managing over 1,000 properties on behalf of landlords.
Managing director Alan Bevan said: “This is a really special partnership between two organisations which can substantially improve not only the image of the student lettings market but also ensure that both students and landlords have a positive experience.”
Andy Brown, commercial manager, from Liverpool Students’ Union, said: “We know the students, and City Residential know the lettings market. Working together through one student-focused business is a perfect solution. “
James McGarvey, student officer and Vice-President (Community), also welcomed the new company. He said: “For many of our students, renting their own accommodation and living with friends is an important part of their student experience.
“With Student Union Lettings now operating in Liverpool, the chances of that experience being a positive one are greatly enhanced.”
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