Manchester-based build to rent and property management company, Ascend, has announced a record 2019, with continued growth in turnover and its management portfolio.
The company achieved a turnover of £3.4m in 2019, which represents a 30 per cent year-on-year increase.
In the same period, Ascend bolstered its BtR partnerships, bringing the total number of units under management to 4,000.
The company is in the process of finalising partnerships with institutions regarding even larger BtR contracts that will be brought on board in 2020.
To support this growth, staffing across offices in Manchester, Salford, Liverpool, Leeds and London has increased to 85 employees, a 77 per cent uplift.
New appointments have been made at all levels, including in the agency’s rapidly expanding BtR asset management division.
The company also expects to expand its team by a further 50 per cent in 2020.
Ged McPartlin, managing director of Ascend, said: “Now we can reflect on 2019, it’s obviously been an amazing year, cementing our position as a major Build to Rent player in the North and across the Midlands.
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“It goes without saying that we owe our success to the great team we have developed at Ascend. Their continued hard work, professionalism and expertise in the sector is the core of what we do.
“As we go into 2020, we are building on this phenomenal momentum. We have even bigger Build To Rent contracts on the horizon, presenting more great opportunities to grow our offering for the business and investors alike.”