In a six-figure deal, Bowman Rebecchi Letting has acquired Castle Estates, the largest independent residential lettings agency in Inverclyde, Scotland.
Castle Estates manages a stock of nearly 350 properties across Glasgow, Renfrewshire, Ayrshire, and Inverclyde. Its four staff will transfer to Bowman Rebecchi’s new offices in Gourock’s Kempock Street and the Castle Estates name will cease to trade, with all properties transferring to www.bowrebletting.com.
The sales is as a result of owner, Neil Woodhead, retiring and relocating: “I have had several offers for the business but elected to complete the sale with Bowman Rebecchi Letting. I believe its operation is the best fit for Castle Estates’ current customers, staff and the future potential of the organisation.”
Riccardo Giovanacci, MD of Glasgow-based agency Newton Lettings, and a Director in the Bowman Rebecchi Letting joint-venture said: “Castle Estates has a successful track record across the west coast of Scotland and delivers a significantly greater reach to our residential letting arm.
“There is a high demand for rental properties throughout towns and villages across the central and west of Scotland, and we look forward to meeting our new landlords to support their investment aims.”
The Bowman Rebecchi group of businesses now manage over 1,000 commercial and residential properties, making them one of the largest independent letting agencies in Scotland.