Greene & Co, the London based estate agency, has been snapped up by Hamptons International – part of Countrywide PLC – for an undisclosed sum.
Established more than 30 years ago in West Hampstead by Michael Greene and Noe Glasman, Greene & Co, which was the subject of a BBC fly-on-the-wall documentary a few years ago, has seven offices across the capital serving West Hampstead, Maida Vale, Crouch End, Belsize Park, Clerkenwell, Kensal Rise and Queen’s Park.
The agency comprises sales, lettings, financial services, property management and new homes and investments. Greene & Co also has a sister company Urban Spaces; a specialist and expert team focused solely on residential loft spaces across London. The acquisition takes in all divisions of the agency and Urban Spaces.
Having led the organisation for nearly 20 years, Managing Director of Greene & Co, David W Pollock (left), will step down from his role.
Mr Pollock, who has played an instrumental role in the company’s success, acquired a controlling interest in the company from its Co-Founder Michael Greene. He then teamed up with property entrepreneurs Harry Handlesman, Founding Director of the ground-breaking Manhattan Loft Company and John Hitchcox, Founder of Yoo (a property venture with Phillipe Stark), who both invested in the business as sleeping partners, enabling the business to expand.
Mr Pollock commented, “Since joining Greene & Co in 1985, I have seen the business go from strength to strength and am proud have led and managed the company to become one of North London’s most esteemed market players. I have no doubt that under the Hamptons International umbrella; the company will continue to prosper. I believe that they offer the vision, backing and support required to take the business to the next level, and will also offer our valued staff and clients a wealth of opportunity and additional benefits. I know that Hamptons will retain what it is and what it means to be part of Greene & Co and I look forward to seeing the next chapter unfold in the company’s history.”
Commenting on the acquisition, Phil Tennant (right), Chief Operating Officer of Hamptons International, said, “Greene & Co represents one of London’s most successful estate agency brands, with a clear identity and strong market share. The organisation provides a fantastic geographic fit with strong offices in key London locations that will provide a natural link with Hamptons offices in North and Central London.
“We fully recognise the essence of the company brand and how that resonates amongst staff and clients. Furthermore we respect the principles, values, service and day-to-day ways of working that David has implemented so well, which have in turn allowed the business to become what it is today. We are very much looking forward to sharing with staff and customers of Greene & Co the wider benefits of being part of a larger network, and look forward to meeting our new colleagues and their local communities in due course.”