Manchester-headquartered letting agency Settio is expanding its services to cater to the needs of institutional investors and funds in the UK Build-to-Rent (BTR) sector. In a press release, the firm says Settio Living will “bring something new to BTR” by providing institutional investors and funds acquiring buildings with operational services including faster lease-up, higher occupancy rates and enhanced resident retention.
Settio Living expands on the firm’s lettings and property management services in the private residential sector (PRS). Catering to overseas clientele, the firm currently supports more than 2,500 individual landlord clients with UK residential investments. The firm says it offers “total peace of mind” to PRS clients through its all-encompassing range of services from off-plan investment support right through to future resale.
Settio currently has offices in Manchester, London and Singapore, with plans to open a Birmingham office this year. It has over GBP525 million ($908 million) in property under management.
To date, Settio has ventured into BTR by supporting the lease-up efforts of operators at key developments, including Legal & General’s Slate Yard in Salford and Vita Group’s Union and Uhaus in Manchester.
“The BTR sector has accelerated at high speed over the past five years and, as with any new product or service, there’s a time to look back and identify what could be done better, more efficiently and more profitably,” says Samuel Fitz-Hugh, co-founder of Settio. “Settio Living can deliver that fresh and innovative approach and produce better results for investors and communities.”
