Property management and lettings agency based in London, Howsy, has recently acquired online letting agent, Urban.co.uk, for an undisclosed amount.
This 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 acquisition of Urban is said to mark Howsy’s first move following its announcement of a £5 million investment led by Skybound Capital.
Founder and CEO of Howsy, Calum Brannan, commented on the deal: “With so much focus in the property industry on the buying and 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 percent compared to high street agents."
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