OnTheMarket Expands with Property Sense Deal

Deal News | Jan 21, 2025 | Aim Group

OnTheMarket (OTM), a prominent real estate portal, has entered into a strategic agreement with Property Sense, a specialist letting agency based in Lancashire, England. Property Sense manages over 1,200 properties and is recognized as the U.K.'s largest Built-to-Rent (BTR) operator. This collaboration is expected to enhance OTM's footprint in the rental sector by leveraging Property Sense's substantial property portfolio and expertise. The move aligns with OTM's broader strategy to fortify its position in the rental market and offer its users an expanded range of rental solutions. This partnership exemplifies OTM's ongoing commitment to expanding its service offerings and its focus on strategic alliances to boost growth and market presence.

Sectors

  • Real Estate
  • Rental Housing

Geography

  • United Kingdom – The companies involved, OnTheMarket and Property Sense, operate in the U.K., where the collaboration takes place.

Industry

  • Real Estate – This article pertains to the real estate sector, focusing on a collaboration between a real estate portal and a letting agency to enhance rental services.
  • Rental Housing – The article involves companies operating in the rental housing industry, particularly a letting agency managing built-to-rent properties.

Financials

    Participants

    NameRoleTypeDescription
    OnTheMarket (OTM)Real Estate PortalCompanyA leading real estate platform seeking to expand its rental services.
    Property SenseLetting AgencyCompanyA specialist letting agency based in Lancashire, managing over 1,200 properties, recognized as the U.K.'s largest BTR operator.