Build-to-rent developer, Get Living has announced its CEO Rick de Blaby will step down.
De Blaby will step down next year, after more than nine years at the helm.
Launched in 2013 to shake up the private rental sector, Get Living saw significant growth after de Blaby joined the firm in 2017, expanding from managing 1,500 homes at East Village to overseeing 6,000 homes across London, Manchester, Birmingham, and the South-East.
A search for de Blaby’s successor is already underway.
De Blaby’s announcement comes as Get Living is said to be entering a “new era” of its Real Estate Investment Trust (REIT) operations.
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De Blaby, said: “The business is now entering a new era, assuming the REIT persona that was always envisioned back in 2017.
“This makes it an appropriate time to hand over the reins to a successor who can optimise the operational efficiencies that now present from scale.”
Get Living chairman, Jeremy Helsby added: “On behalf of the shareholders, we sincerely thank Rick for all the leadership and dedication he has shown over the last nine years to grow and develop Get Living into a mature platform and market leader in the build-to-rent sector.
“A process by shareholders has commenced to secure the CEO successor and we are grateful that Rick will remain in post over the course of 2026 to ensure a smooth and effective transition, ensuring that the business remains operating at its optimum.”
In its latest financial results, Get Living saw a 32.8 per cent drop in revenue to £165.2 million and reported a £153.2 million loss, primarily due to £411.1 million set aside for fire safety remediation at its East Village site in Stratford, the former London 2012 Olympic athletes’ village.
It followed a larger £386.2 million deficit in the previous year.
The company advised it would seek to recover the costs from contractors who delivered the work, while remaining optimistic about its long-term growth prospects.
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