Rendall & Rittner has joined forces with Swedish based Nabo to launch Odevo, a global property management business that aims to expand across the UK, become a market leader across Europe, and further afield.

Now present in three markets, Odevo is heavily increasing investment in its proprietary tech platform and expanding in the UK as well as the Nordic countries. The group aims to continue to grow at a strong pace, both organically and by adding additional companies within Europe and elsewhere.

Odevo’s foundation was laid in 2019 with the formation of Nabo and the acquisition of SBC in Sweden, and they were joined by Rendall & Rittner in the UK in 2021.

Earlier this year, UK-based Premier Estates and Finnish companies MTR and STIO also joined Odevo, making Finland its third marketplace.  The group has a combined portfolio of almost 400,000 homes under management and it aims to continue this strong growth trajectory in the years ahead.

Together the companies that form Odevo aim to become a leading force in property management and residential services internationally.

Odevo CEO Daniel Larsson commented: “We started Odevo to drive the industry forward and simplify living for people across the world. So far, we have made significant progress in Sweden and the UK and we are now expanding to Finland. At the same time, we are increasing our pace to reach additional markets.

“The United States is the world’s largest market for property management and so will obviously be one of our main focuses for future expansion, in addition to the markets we’re already present in. Our aim is to increase revenue tenfold again and use our scale to deliver better value and service for our customers.”

The companies that are currently part of Odevo offer management services for property owners and residents supported by Odevo’s proprietary digital platform. Rendall & Rittner was the first company outside Sweden to join Odevo.

As a major residential managing agent in the premium segment, it has a portfolio of over 80,000 homes across the UK including some of London’s more prestigious and complex buildings.

Newly joined Premier Estates manages a diverse portfolio of over 30,000 homes throughout England and Wales with an emphasis on first-class and friendly service.

A new customer portal and management platform is being developed for the UK market, supported by the Odevo product development team and Rendall and Rittner customers are due to benefit from this investment later this year.

Duncan Rendall, CEO of Rendall & Rittner, commented: “The challenges for management companies are very similar all over the world. I am primarily talking about a need for digitalisation, service innovation and the imperative of meeting customers’ ever-increasing requirements. All this is against a backdrop of more complex buildings needing more sophisticated maintenance arrangements, as well as increasing regulatory requirements.

“We are delighted to have become part of Odevo because by teaming up with other great people, we have a much better chance of changing the industry for the better.”