National estate agency chain Andrews has partially withdrawn from the South Coast property market and sold its branch in Hasting to a rival.
Oakfield Estate Agents, a much younger firm, has bought the business from Andrews for an undisclosed sum. In January it bought another but smaller Hastings rival, Smart Property.
Andrews says that, despite its business being well known on the East Sussex coast, the estate agency is to focus its efforts away from the three kiss-me-quick resort.
The entire estate agency business is being transferred to Oakfield including sales, lettings, property management and staff.
Oakfield are to convert Andrews former flagship branch in Hastings into its headquarters but will keep its own site in the town for its property management, accounts and block management teams.
“We are delighted to have acquired this highly respected business, premises and expert local team, our company has been established for 25 years, its growth over that time has been largely organic, stemming from the referrals of our client base,” says Neil Newstead (pictured), CEO of Oakfield.
“The growth and development of our team has evolved hugely over the years and we are recognised as the leading agent in this area.”
“We will continue to expand, and we are keen to look at other opportunities to grow our business further, whilst maintaining exceptional customer service levels and property expertise.”