Connells’ decision to purchase Gascoigne Halman, which has 18 branches operating across south Manchester, north east Cheshire and the High Peak, will extend its geographical reach and fits in with the firm’s expansion strategy, and follows on from the acquisition earlier this year of Peter Alan, Adrian Cole & Partners, Cartwrights, Harrisons, Platinum lettings, Selective Lets, among a host of other purchases.
Gascoigne Halman will continue to trade under its existing brand with Founder and Managing Director John Halman remaining at its helm.
David Plumtree (left), Connells Group Estate Agency Chief Executive, commented, “We are delighted to welcome such a strong and high quality business as Gascoigne Halman to the Connells Group. This acquisition is a good strategic fit for our expansion plans and perfectly complements our branch network. It brings depth and further quality to our existing portfolio and gives us a presence in this region for the first time.”
“There are strong synergies between the Connells Group and Gascoigne Halman and we are looking forward to working with John and his team,” he added.
Partnering with Connells is the best way of securing Gascoigne Halman’s position in the future and gives the company “added impetus” and ability to “not only develop our existing business but to push out and expand in the future where opportunities arise”, according to John Halman.
He added, “We firmly believe that this new relationship will enhance the Gascoigne Halman brand and that this will be advantageous to our customers and the business.”
Aside from a series of acquisitions, the Connells Group has also grown organically over the last 18 months through the opening a further 114 residential and lettings branches.
The Connells Group is actively seeking further opportunities to acquire property businesses across the country, supported by the funds and ambition to continue expanding.