IMMO announces £1bn plan to retrofit 3,000 PRS homes

By Carl Brown2022-07-26T10:27:00

Proptech firm to set up as a private landlord

A property technology company has announced plans to invest £1bn to buy and retrofit 3,000 private rented sector homes.

IMMO, backed by institutional investors, uses artificial intelligence and other technology to identify homes that offer ‘value-add’ opportunities, in this case properties that are not energy efficient.

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