UK: Living sector management company APO Group has been acquired by Broadsword Investment Management Ltd, for an undisclosed sum.
Broadsword acquired the company from Eco World London Holdings Ltd. The acquisition is part of a wider strategy to enhance APO Group’s on-the-ground operational management capabilities and increase its market penetration. Broadsword says the purchase reinforces its commitment to becoming an established and respected participant in the UK residential property sector.
Broadsword Investment Management Ltd. (BIM) was founded by Daniel Sennett and Jack Cator, and is a vertically integrated UK specialist real estate investment and management company. It focuses on “adding value to living sector assets, through deep financial and operational understanding, as well as via its ability to acquire and manage assets efficiently”.
APO Group Ltd, is a specialised UK-based, living sector property manager. The company manages around 2,300 units across the UK on behalf of institutional investment and asset management companies. Its portfolio includes Invesco Real Estate’s Kew Bridge and Barking Wharf BTR schemes.
Broadsword and APO will continue “to invest in, deliver and manage assets, with the aim of strengthening market position in the UK residential housing market and delivering strategic growth and value appreciation for stakeholders”.
“We are delighted to have purchased one of the UK’s leading ‘living’ management companies. Under the leadership of Rachel Hanniquet-Brooking, the APO team have demonstrated operational excellence, driving both strong tenant satisfaction as well as significant value enhancement for investors. The acquisition supports and enhances Broadsword Investment Management’s commitment to, and participation in, the growing UK living sector,” said Sennett.
