Ascend Properties has appointed Paul Borrmann as managing director.
Borrmann was previously managing director at Dandara Living, the build-to-rent arm of Dandara Group. Prior to this, he was head of northern lettings PRS/BTR at Grainger and operations manager PRS and BTR at DEU Estates.
In his new role, Borrman will lead the strategic expansion of Ascend’s BTR operator capabilities, building on its position as the UK’s leading provider of single-family lettings and management services.
Ascend oversees more than 7,000 single-family rental homes nationwide, around two-thirds of the UK total.
Borrmann said: “The level of institutional capital currently targeting SFR, presents an enormous opportunity for Ascend, which has an unrivalled understanding of how to manage these homes. I have seen first-hand just how important effective lettings and property management are to the success of any BTR portfolio, and that makes this an exciting time to be joining Ascend as it looks to expand the range of clients benefitting from its considerable capabilities.”
Paul Stockwell, group managing director of BTR group Gatehouse, added: “Paul’s experience of all aspects of build-to-rent makes him the ideal person to lead Ascend as it seeks to capitalise on the opportunities presented by SFR and its unique position as the manager of choice for the sector’s leading platforms. Ascend plays a pivotal role in Gatehouse’s full-service investment management offer, and we look forward to the continued growth and success of the firm under Paul’s stewardship.”
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