JLL has launched a PRS letting and management service to meet the growing demand for PRS schemes among institutional investors.
The service will combine letting, AST management and block management for PRS schemes, the company said.
The business has already been appointed managing agent of Aberdeen Asset Management’s One Eighty PRS scheme in Stratford, east London.
JLL will employ the on-site team, including concierge and cleaners, for the 166-flat block overlooking the Olympic Park. In addition, it will be responsible for the maintenance and delivery of services to the building, such as a laundry.
Sam Winnard, residential director at JLL, said: “With full management of the scheme, JLL has total oversight of the operational expenditure, and working with Aberdeen Asset Management has already been able to provide cost reductions through the benefit of procurement agreements with suppliers.
“As part of JLL’s wider UK portfolio appointment with Aberdeen, plans are also in hand to deliver further scale-based economies and continual service evolution to One Eighty Stratford throughout its appointment.”
