Qdime Limited has been acquired by Cortland
The founding shareholders of Qdime Limited have sold the company to Cortland.
Qdime is a UK market-leading property management services company. It offers a full suite of solutions, including residential property management, legal and professional services. Qdime founders Nigel and Robert Burnand will stay on to join Cortland as Managing Director Block Operations and Director Block Operations, respectively. All staff are expected to be retained as part of the transition.
Founded in 2005, Cortland is a US multifamily real estate, investment and management firm. It owns and operates nearly 70,000 rental units in the US, and has exported its proven resident-centric rental model to its UK build-to-rent, leasehold and other private rented sector operations. With this acquisition, Cortland will be in the top ten largest block management providers in the UK.
Oaklins Cavendish, based in the UK, advised on the sale of Qdime, the UK market-leading residential property management service business, to Cortland.
Talk to the deal team
Related deals
Manolete Partners plc has completed a successful debt refinancing
Manolete Partners plc has signed a new revolving credit facility (RCF) with its existing provider, HSBC. The new RCF provides Manolete with the same level of facility as the previous arrangement, at US$22.6 million (£17.5 million), but with a reduced margin and lower non-utilization fee. The facility has a term of 3.25 years, with the option to extend for an additional year on the same terms.
Learn moreMicro Nav and Global ATS have been acquired by Indra Sistemas S.A.
Indra Sistemas S.A. strengthens its leadership in global air traffic management (ATM) with the acquisition of 100% of the share capital of Micro Nav and Global ATS from UK-based Quadrant Group. This acquisition enhances Indra’s industry-leading capabilities, solidifying its position as a global player in the air traffic control and management market.
Learn moreCanada’s Best Store Fixtures has been acquired by LSI Industries
The acquisition of Canada’s Best Store Fixtures has been successfully completed by LSI Industries to expand its capabilities, geographic reach and market presence, particularly in Canada. CBSF’s expertise and customer relationships complement LSI’s portfolio, creating opportunities for cross-selling and supporting growth in the grocery, quick service restaurant (QSR) and specialty retail sectors.
Learn more