UK: London-based coliving operator bamco has acquired West London Homes, marking its fifth competitor acquisition in less than four years.
The deal adds over 150 units to bamco’s existing portfolio of more than 1,500 co-living properties across the capital, representing a 10 per cent increase in overall capacity.
Founded in 2016, West London Homes offers shared accommodation across Hounslow, Feltham, Twickenham and surrounding areas, with connections to central London, Heathrow Airport and the M4 corridor. The business will retain its brand identity under the new ownership.
Alex Gibbs, co-founder and director of bamco, said: “We are delighted to welcome West London Homes to the bamco group of companies. This acquisition marks an exciting expansion for us into new territories across West London and, as our fifth acquisition in under four years, it is another significant milestone for bamco.
“West London Homes is a well-run and respected business with excellent customer service and high quality co-living options, and we look forward to building on the founders’ successes in the years to come.”
Steve Milton, CEO of West London Homes, said: “We are incredibly proud of what we have achieved with the creation and growth of West London Homes since we founded it nearly a decade ago. Its acquisition by bamco represents a new and exciting next chapter for the business and places it in a position to offer enhanced services, access greater resources and benefit from the long-term stability of the broader bamco group. We look forward to seeing West London Homes thrive in its next stage of growth with bamco.”
The announcement comes alongside the formal launch of bamco, the new group brand for the parent company behind Built Asset Management (BAM).
The new brand was introduced to consolidate the group’s expanding portfolio under a single umbrella following a period of growth. Previous acquisitions include Capital Living and Kingdom Houses.
Alex Gibbs said: “The launch of bamco marks an exciting new chapter for our business. As we’ve grown, both organically and through multiple acquisitions, it became evident that we needed greater clarity around our corporate structure. bamco provides that clarity while also uniting our portfolio of individual trading brands under one cohesive group umbrella. This new structure and brand allows us to operate more effectively and sets the stage for our continued expansion.”
As part of the transition, BAM will rebrand as bamliving in the coming months.
Highlights:
– bamco completed its fifth acquisition in four years with the purchase of West London Homes
-The acquisition increased bamco’s portfolio by over 150 units and expanded its presence in West London
-West London Homes retained its brand under the new ownership
-Built Asset Management restructured under new parent brand bamco following multiple acquisition
