PRSim is pleased to announce it is entering into a joint venture with London & Devonshire Trust Limited (LDT), an established property business and leading place-maker in the South West, with intentions of becoming a leading owner-operator in the institutional Private Rented Sector, acquiring, developing and managing PRS and Build to Rent schemes across the South West of England.
The joint venture will operate under the brand Kose Living Ltd, the name originates from the Norwegian term koselig. Although not directly translatable to English, koselig is most closely a feeling of cosiness, intimacy, warmth, happiness, of being content. It defines something / someone / an atmosphere that makes you feel a sense of warmth, very deep inside in a way that all things should be, simple and comforting.
Kose Living Ltd will combine the complementary skill sets of PRSim, a consultancy and operational management business backed by the resources of the wider LSL Group, and LDT, a private property company with over 30 years experience in property development.
Together LDT and PRSim will provide a robust platform for preparing and submitting successful bids, from finding viable sites and development opportunities through to ongoing operational management.
Daniel Stephenson, Managing Director at LDT, said:
“We have a number of opportunities in the pipeline and are extremely excited about what the future holds for LDT and PRSim. Our complimentary skill sets will allow us to leverage and develop new opportunities within this emerging asset class and support Kose Living Ltd in becoming a key player in the PRS space.”
Katherine Rose, Director of Data & Advisory Services at PRSim, followed with:
“We are delighted to form a joint venture with LDT which sees us bringing a wealth of experience together. We see a tremendous opportunity in the South West to create great places to live and are thrilled to be partnering with such an accomplished property business.”