RentGuarantor Holdings PLC Partnership with X1 Property Management Ltd (2176Q)
2023年2月17日 - 4:00PM
RNSを含む英国規制内ニュース (英語)
TIDMRGG
RNS Number : 2176Q
RentGuarantor Holdings PLC
17 February 2023
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17 February 2023
RentGuarantor Holdings PLC
(the "Company" or "RentGuarantor")
Partnership with X1 Property management Ltd
RentGuarantor (AQSE: RGG) , a provider of rent guarantee
services to prospective tenants across the socio-economic spectrum
wishing to rent property in the UK private rental sector, announces
that it has entered into a three year agreement with X1 Property
management Limited ("X1 Lettings"), a residential and student
letting company. X1 Lettings will be promoting RentGuarantor with
bespoke marketing materials to all residential tenants including
students with the intention of generating secure tenants for X1
Lettings' landlords.
X1 Lettings began life in Liverpool with its first development
of student apartments, X1 Borden Court. X1 Lettings is currently in
its 10th year of operations and is the appointed management agency
for approximately 4000 properties across the UK.
X1 Lettings' continued rapid expansion and growth has led to it
being a market leader for student and residential accommodation in
Liverpool, Manchester, Leeds and Chatham, Kent. X1 Lettings lets
over 4000 properties. Over 70% of landlords require students to
have a guarantor when they rent a property.
Paul Foy, CEO of RentGuarantor, commented: "We are pleased to
announce the partnership with X1 Lettings and work begins
immediately with the onboarding of tenants and the provision of
rent guarantees. This partnership is another positive step forward
for the Company, allowing us to further expand our revenue streams
and broaden our access to the student lettings market. I look
forward to announcing further partnerships in the future."
Daniel Godlewski, Senior Account Manager at X1 Lettings,
commented: "Our partnership with RentGuarantor will provide our
landlords and students with added security and we are eager to get
started."
The directors of RentGuarantor accept responsibility for this
announcement.
Ends
For further information please contact:
RentGuarantor Holdings PLC
Paul Foy, Chief Executive Officer
+44 207 193 4418
Alfred Henry Corporate Finance Limited (AQSE Corporate
Adviser)
Nick Michaels
+44 20 3772 0021
Optiva Securities Limited (Broker)
Vishal Balasingham
+44 203 411 1881
BlytheRay (Financial PR)
Tim Blythe, Megan Ray
+44 207 138 3204
About RentGuarantor Holdings Plc
RentGuarantor provides a rent guarantee service to tenants
wishing to rent property in the UK from the Private Rental Sector
("PRS"). The rent guarantee service is an online service where
applications can be managed on a secure and bespoke digital
platform designed and built by RentGuarantor. RentGuarantor
supplies its service to the whole of market - students, employed,
and people on benefits including Universal Credit. Local
authorities have a legal obligation under housing and other
property related Acts of Parliament to provide tenants with a home
and this is mostly achieved by paying for the tenant to reside in a
PRS property. Local authorities use the guarantee service as they
cannot become a guarantor. RentGuarantor's risk from rent
guarantees is fully underwritten by Lloyds of London.
The Company's strategy is to strengthen its senior and middle
management team and grow revenue in accordance with its business
model. RentGuarantor sees the PRS continuing to grow with
affordability to buy, coupled with lifestyle choices being the key
drivers over the next 3-5 years.
RentGuarantor will rollout additional services that complement
RentGuarantor's proposition, which will deliver additional revenue,
and cement RentGuarantor as the leading rental guarantor company in
the UK.
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END
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(END) Dow Jones Newswires
February 17, 2023 02:00 ET (07:00 GMT)
RentGuarantor (AQSE:RGG)
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RentGuarantor (AQSE:RGG)
過去 株価チャート
から 6 2023 まで 6 2024