A Yorkshire-based student accommodation specialist has unveiled a five-year expansion plan which could see the multi-million pound concern double in size.
The Kexgill Group, based at Hull, already has nine branches throughout the UK as well as a presence in Germany and is one of the largest private student accommodation providers in the country, with 2,700 beds and an asset value of £100m.
Its expansion programme has been launched on the back of the company being judged Student Landlord of the Year, one of nine prestigious honours achieved in 2015.
Managing Director Richard Stott said:
We have basically swept the board in this year’s awards across our business sector so it’s the right time to be announcing our expansion plans.
We will be targeting areas across the UK and we see no reason why we should not be able to double, if not triple our size over the next five years.
The awards – judged in the main by the students themselves – are recognition of the ambition and hard work show by the company and its staff of 50. Obviously, as the business grows, so will our workforce.
Kexgill’s business model is quite simple. We don’t just provide beds. Far from it. We have based our business of providing care and consideration for all our students, offering them a very different type of security blanket.
Some providers focus on swimming pools, gyms and free i-Pads but we prefer to concentrate on being a good landlord, looking after repairs, security, supporting our students when they encounter financial problems and even acting as a mediator when they fall out with their house mates.
In a way, we are their parents away from home.
2015 has been a remarkable year for our company. It has provided us with a terrific platform from which to launch our five-year plan for further growth.
Kexgill, which has its headquarters in Hull, was established in 1978 and has enjoyed significant growth in recent years. In addition to its nine UK branches, the company has 430 non-student apartments in Germany.
Among Kexgill’s 2015 honours are Student Landlord of the Year at Leeds, Durham, Liverpool (for the third consecutive year), Teesside and the North East, covering Newcastle, Sunderland, Middlesbrough, Durham and Stockton.