Student Portfolio Up for Sale
15th Jan 2021
Clever Student Lets has struck a deal that will see it take control of the University of Plymouth Students Union's (UPSU) property management arm.
The partnership will provide Clever Student Lets (CSL) with access to all university students placed in accommodation by UPSU.
It total CSL will manage 300 flats and houses previously controlled by the union, along with four UPSU staff working in lettings who will be transferred over to the company.
CSL is reportedly the largest student lettings firm in Plymouth, with around 3,000 rooms under management and a turnover of more than £15 million.
Commenting on the deal, chief executive Henry Hutchins said: "We manage more properties than all our competitors put together. We are in a very dominant position in Plymouth and have a range of offer no one else can possibly match."
Mr Hutchins suggested the partnership would benefit students and landlords by allowing CSL to learn what students want from the very organisation that is closest to them.
Meanwhile, Gina Connelly, chief executive of UPSU said the partnership would ensure students get the best provision in terms of housing.
15th Jan 2021
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