Ringley Group has launched a new branded asset management and operations platform focused on the living sectors with a target to operate over 10,000 homes.
Una Living will aim to position itself as the ‘go-to’ business for investors looking to access UK living real estate, including build-to-rent, co-living, purpose-built student accommodation and senior housing.
The platform will remain a wholly owned subsidiary of Ringley and will benefit from the group’s 20 years of experience in managing residential properties, as well as the use of its proprietary tech platforms which have been developed in-house by Ringley.
The Una Living team will be led by Ringley Group chief executive Mary-Anne Bowring, as well as Rob Pratt, the group’s managing director of BTR and leasing, London. Pratt joined Ringley from Druce, prior to which he was at Marsh & Parsons.
Ian Barber, will be Una Living’s managing director of BTR. He is managing director of Ringley Group.
Mitchell Hammond, Una’s head of BTR mobilisation, has joined from Foxtons. The platform’s investment director Oliver Hopkins has also joined from Foxtons.
Una Living will manage an initial portfolio of 1,700 homes across the BTR sector on behalf of institutional investors and is actively seeking more asset management and operating mandates.
Prior to the establishment of Una Living, Ringley managed an £8bn portfolio of over 15,000 homes across the UK. Ringley’s block management division will manage the leasehold homes from that portfolio. Una Living emerges from Ringley’s operational real estate practice.
Ringley also has a professional services division.
Chief executive officer of Ringley Group, Mary-Anne Bowring, said: “Una Living is our branded concept for the operational work Ringley Group has undertaken across UK living real estate. The team has advised major players in the residential space such as Curlew, Europa, Rise, Moda, Gresham House and PATRIZIA at different stages of the asset journey and as a result has a 360-degree understanding of how to create value.
“With the macro-environment and structural tailwinds favouring continued strong levels of investment into living real estate, we aim to place ourselves in pole position to be the partner of choice for investors looking to access all major living sectors.
“We see the proprietary tech developed by Ringley as being key to achieving our aim of being the go-to partner for investors wanting to enter the living sectors thanks to the added transparency and efficiency it brings to the table.”
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