Grainger is expanding rapidly into the PRS, with plans to invest more than £850m into the sector by 2020. It recently completed Abbeville Apartments, one of the country’s first residential schemes designed and built specifically for long-term renting. Abbeville, in Barking, East London, comprises 100 one-, two- and three-bedroom apartments.
At the end of last year, Qube became the first UK-based provider to announce the development of a unified management tool for the PRS model. The software allows PRS developers to run their entire property operation – from attracting tenants and processing tenancies to long-term maintenance and financial management of their schemes – using one software solution.
Neil Harker, senior business analyst at Grainger, said: “We needed the ability to market each unit on the property portals, track a potential tenant coming in, manage the sign-up process, and then set up the tenancies and manage them on an ongoing basis. We had to do all of this quickly and accurately on a single integrated system. Five months down the line from the launch of Abbeville Apartments, I can confirm the application has been spot on.”
Grainger has a long-established relationship with Qube, which has evolved into a highly collaborative partnership.