Evening Telegraph

Dundee couple hoping to own 5,000 properties consider £200m deals

Graeme and Leanne Carling

A Dundee couple who have outlined ambitions to rapidly grow a portfolio of 5,000 residential properties are considering business opportunities valued at £200 million.

Graeme and Leanne Carling – known in Tayside for their property firm Carling & Co – have launched a new business called PRS Group.

Backed by high net worth international investors, PRS Group is looking to grow a huge rental portfolio by buying out existing landlords.

The Carlings say they have been approached by landlords nationwide offering business deals totalling £200m.

Mr Carling, who is due to meet potential funding partners in the USA, said: “We are in full-on expansion mode and have been impressed by the businesses which have approached us.

“It’s difficult right now to be renting private property without some sort of scale and investment behind you, which is where PRS Group comes in.”