Student accommodation platform UniHomes has secured strategic investment from Macquarie Capital.
Private equity investor LDC is also reinvesting in the Sheffield business following a two-year partnership.
Since its formation in 2015, UniHomes has established itself as a marketplace for bills-inclusive accommodation, helping hundreds of thousands of students find somewhere to live.
This letting season will see UniHomes partner with 1,000+ letting agents and operators, covering 60+ locations across the UK.
The investment will accelerate expansion to other markets including purpose-built student accommodation, build-to-rent and professional sharers.
“This new partnership comes as we celebrate our 10-year anniversary,” said Phil Greaves, co-founder and CEO. “We are proud of everything we’ve achieved so far, cementing UniHomes as a leading marketplace for accommodation and building a trusted business over the last decade.
“Our partnership with LDC has been an important part of our recent success, helping us to expand nationally and invest in our people and the technology that underpins our platform. We’re delighted to welcome Macquarie as we set out on our next phase of growth, their investment and support will be instrumental as we continue to enhance our offering to the rental market.”
Nick Patrick, managing director, Macquarie Capital, said: ”We are excited to partner with this impressive management team as they enter the next phase of growth.
“UniHomes’ leading market position and relentless focus on student experience really stood out to us. We look forward to supporting the business as they find more ways to support tenants across the UK.”
Dan Smith, partner and head of Yorkshire at LDC, added: “UniHomes’ growth journey so far has been remarkable and in the last two years its management team has shown what can be achieved with a great business idea, hard work and the right partners, and have grown a national success story. We’re proud to continue to support the business alongside Macquarie.”
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