Housing platform Twinlite and its new Clongriffin scheme

November 10, 2019
Share this Post: 

Twinlite's Clongriffin offers rent which includes utilities, refuse and internet

A new smart housing platform, which allows tenants to view apartments, sign leases, pay rent and even manage their properties entirely online, has been launched by property development company Twinlite.

The group’s vestaliving.ie site will be used to rent out and manage the first 40 apartments of its One Three North scheme in Clongriffin, north Dublin. A further 336 apartments at the same scheme will be leased via the site over the next six months.

“The key difference between us and a typical property management company is that we’re putting the entire rental process online.

“Somebody can go online, view the apartment, see the floor plans, sign the lease and get a digital key for the apartment without ever having to interact with anyone or go to a viewing and vie with 10 others for the property."

— Rick Larkin of Twinlite and Executive Director of Vesta

Starting at €1,990 for a two-bed apartment, rent will include utility bills, up to a limit, refuse collection, broadband and TV.

“It’s a kind of service-plus arrangement that you get in the US, where everything outside of your own hall door is taken care of,” Larkin said. “So there’s onsite staff, there’s a gym, there’s a cinema and a large dining area in the basement for parties.”

After developing the Clongriffin site, Twinlite sold it last year to investment firm Tristan Capital in a deal said to be worth €130 million. As part of the transaction, Twinlite will manage the scheme through the vestaliving website.

Read more here

Join us November 13-15 for the Property Portal Watch Conference Madrid 2019.

Property Portal Watch Madrid Conference Nov 13-15

Read more

November 10, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Hemnet Vs Rea Group
Analysis: Hemnet Still Playing Catch-up to REA Group When It Comes to Vendor Paid Advertising

Vendor-paid markets are great for real estate portals. For more than a decade the leading Swedish player Hemnet has charged...

Read More
Ohmyhome Full Year Results Net Losses But Big Ambitions
OhMyHome 2023 Full-Year Results: Net Losses But Positive Outlook for Nasdaq-listed Marketplace

The Singapore-based publicly listed company OhMyHome has released its 2023 full-year financial results. Highlights include: Revenues totalled S$5.0 million (US$3.8...

Read More
Homely Financial Results
Australian Portal Homely Records 16% More Enquiries in 2023

Australian challenger portal Homely generated over 15.5 million enquiries in the 12 months from April 2023. Homely, which competes with...

Read More
Yandex Q1 Strong Performance From Divested Assets
Yandex Q1 2024: Net Losses for Remaining Assets After Large Scale Divestments

Yandex N.V., the Dutch holding company of the marketplace giant Yandex, has released its financial results for the first quarter...

Read More