Hamptons International has snapped up Patterson Bowe property and lettings agency operating in Knightsbridge, Kensington and Chelsea.
Established over 25 years ago, the central London based independent agency has built a reputation as one of the most successful Lettings Partnerships in the heart of the capital, and it is the strength of the firm’s lettings portfolio and the combined specialist client service offered by its staff that ultimately appealed to Hamptons International, according to Lesley Cairns, the company’s Head of Lettings.
Cairns said, “We are delighted to have acquired Patterson Bowe; one of Prime London’s most esteemed Lettings agencies. Through organic and acquisitive growth, the lettings division at Hamptons International has doubled in size over the past eight years and today’s acquisition reflects the company’s strategic plan to further expand its market share.
“We are very much looking forward to welcoming staff and customers of Patterson Bowe into our organisation, who as new employees and clients of Hamptons International will have access to a wealth of benefits and opportunities that come with being part of a large network.”
All members of staff at Patterson Bowe have already joined Hamptons International’s Knightsbridge branch. Directors of the agency, Stuart Patterson and Allister Bowe (right), have taken on consultancy roles within the office.
Stuart Patterson (left), Director at Patterson Bowe, said, “We are extremely pleased with this acquisition by an internationally recognised brand that shares the same values and ethos as Patterson Bowe. We founded our business 25 years ago based on exceptional personal service, exceptional local knowledge and professionalism. Hamptons International brings the very same qualities while extending them to a global market. We have no doubt that our loyal clients will benefit enormously from this exposure in the years ahead.”
Industry figures step down
Meanwhile, the CEO of London-based Marsh & Parsons, Peter Rollings, has announced that he is stepping down from his role after 11 years at the helm.
Peter, who has agreed to act as a Marsh & Parsons brand ambassador for two years, is to be replaced by David Brown, who has been with LSL for 24 years, and who over the past two years has run LSLi which comprises nine estate agency brands with 58 offices in London and South East England.
Peter said, “This was not a decision I have taken lightly however I have been CEO for 17 years straight and frankly I want to step out of the fast lane and be on cruise control for a while, to take time out with my family and recharge my batteries before taking up any fresh challenge. Marsh & Parsons is in great shape and I am leaving the business on a high, confident that the management team can continue to even greater things.”
Elsewhere, Sharman Quinney, which has a 20 branch network across Cambridgeshire, Northamptonshire and Lincolnshire, has announced that Managing Director, Steve Quinney, is retiring and will step down from his role after 26 years this week.
“The time feels right for me to retire when the business has recently celebrated great results, is in great shape and is set to continue to have a bright future,” he said.