The Agency appointed managing agents for Aspen Group's Perth portfolio
The Agency has been appointed the property management provider for the ASX-listed accomodation provider Aspen Group's new investment portfolio.
Aspen Group has invested in 84 properties worth $20 million which will be managed by The Agency.
It will lift The Agency's Perth portfolio from 1,025 to 1,109, taking the national property management portfolio to 4,671.
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From January, the Perth rent roll has grown 34 per cent from 827 to 1,109 managements.
It was a significant driver in The Agency's national rent roll, which grew 10 per cent.
“We are very excited to embark on this important relationship with Aspen Group, who are not only major players in the accommodation market in Perth, but across the nation.” Paul Niardone, managing director of The Agency, says.
“As a national real estate business, The Agency’s relationship with Aspen Group began through our east coast operation and we are looking forward to our joint trajectory.
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"This engagement shows a major vote of confidence in our award-winning property management team, who consistently achieve above-industry results in terms of vacancy and churn rates.”
John Carter, CEO of Aspen Group, said they look forward to working with The Agency.
"The Agency provided the best total proposal for our management and reporting requirements and we look forward to working together to provide best-in-class product and service to our residents,” Carter said.
The new accommodation portfolio purchased by Aspen Group is located in Perth’s metropolitan growth corridors, including in the City of Rockingham and City of Swan with the aim of providing competitively priced, long-term housing to families.
