International student housing managed marketplace – University Living – recently acquired 51% of StudentTenant, an established entity specialising in purpose-built student accommodation (PBSA) in the UK.
The strategic move aims to strengthen University Living’s presence in the UK’s PBSA market and enhance its services for students worldwide.
University Living currently offers two million beds across over 515 student-centric cities spanning the UK, Ireland, Australia, Europe, USA and Canada, as well as other prominent countries in the world.
StudentTenant brings over a decade of specialised experience in the private rental sector (PRS)/HMO sector, led by industry experts Adam Ormesher and Karl McKenzie.
“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.”
Saurabh Arora, Founder & CEO, University Living
This acquisition strengthens University Living’s portfolio by over 10,000 beds, 500,000 students, and 1,000 landlords and letting agents in the UK.
Geographically, the strategic move bolsters University Living’s reach across key UK regions, especially in the Northwest & Northeast – including Sheffield, York, Durham and Newcastle. The headquarters in Canterbury also enhances their presence in cities such as Luton, Northampton and Hatfield.
“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,”
Mayank Maheshwari, Co-founder & COO, University Living
The collaboration not only expands the pairs 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 optimise operational efficiency for landlords, including streamline viewing arrangements for students and rent collections for landlords.
“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,”
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.
