IMMO will use its technology platform, which it has been building up since it was founded in 2017, to scour the market for houses with low energy performance certificate (EPC) ratings that it can modernize, or fix up. IMMO is targeting the first purchase of its newest UK portfolio in October. Its technology allows it to quickly find houses in need of renovation in areas where there is an undersupply of rentals and where yields are strong.
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IMMO’s £1b mission to fix up properties
“Where we really shine is enabling them [institutional investors] to acquire and scale very diverse portfolios without the hassle,” Harper said.
