The combination of the two businesses will make Howsy the leading online property management platform in the UK.
A corporate finance team led by Mark Lucas and Fardeen Nariman at business advisory firm Quantuma has advised on the sale of Urban.co.uk to online property management platform, Howsy.
Howsy’s stated mission is to make renting better for everyone, by bringing innovation and greater customer focus to the lettings industry. The acquisition of Urban will allow Howsy to grow substantially and offer broader services whilst maintaining a focus on customer service and delivering great value for landlords.
The deal combines Urban’s focus upon finding tenants with Howsy’s expertise in the use of smart technology to create a seamless property management experience at a significantly lower cost to let for UK landlords.
The combination of the businesses will make Howsy the leading online property management platform in the UK.
Founder and CEO of Howsy, Calum Brannan, commented: “With so much focus in the property industry on the buying & selling market, the rental space is often overlooked. Howsy benefits from stable recurring revenue, mixed with cutting edge technology so we can reduce the costs to operate by up to 70% compared to high street agents.”
Mark Lucas, partner at Quantuma, said: “Urban makes an attractive strategic fit with Howsy. We are delighted to have advised the shareholders on the sale of Urban and wish them the very best.