Belvoir Lettings plc has sold its Burton corporate owned office to an adjacent Belvoir franchisee which operates in Hinkley, Nuneaton and Tamworth.
This sale is in line with Belvoir’s strategy of implementing a franchise solution for most of its remaining six corporate-owned offices, to enable the Group to further focus its resources on its franchise business.
Belvoir now has only five corporate offices, it intends to retain the two corporate Belvoir and Newton Fallowell offices in Grantham for system development purposes and aims to complete a further disposal next month.
Mike Goddard, Chairman and CEO of Belvoir said, “We are delighted that we are making progress on both our strategy to support franchisee-led acquisitions and to divest the Group of its corporately owned offices. Our franchisees have fantastic local knowledge and the drive to succeed, and we are pleased to be transferring ownership of the Belvoir Burton office to one of our ambitious franchisees.
“We are constantly looking for ways to progress the business and continue to grow our franchised network.”