The sales and lettings business of estate agency Escritt Barrell Golding, one of the nation’s oldest independent residential estate agents, has been bought for an undisclosed sum by Newton Fallowell, part of the Belvoir Group.
Better known on its home patch of Grantham as EBG, the two-branch estate agency was established in 1860 by Henry Escritt who later formed a partnership with Cecil Barrell in 1900.
During the same year G W Golding established the firm Goldings. The two companies were merged in 2006 to form Escritt Barrell Golding.
“EBG partner Stephen Short says: “Geoffrey Bishop and I, the current partners of EBG, are very pleased to have transferred the residential sales and lettings side of the company to the Belvoir Group, who we know will continue to provide a first class service to our many valued clients.”
Estate agency giant Belvoir has acquired both the sales and lettings portfolios of the business, and staff at its Grantham branch will be transferring to Newton Fallowell’s head office, which it shares with Belvoir.
EBG’s staff at its Sleaford branch will transfer to the town’s Belvoir franchisee’s business run by Peter Atkinson.
“This acquisition has added over 300 rental properties to our portfolio and I would like to reassure all of EBG’s clients of a very smooth transition period, during which we look forward to providing everyone with continued excellent service,” says Mark Newton, founder and managing director of Newton Fallowell (left).
Dorian Gonsalves, CEO of the Belvoir Group: “The Belvoir Group, which began 24 years ago in Grantham, continues to go from strength to strength, and acquisitions are a major part of our growth strategy for this year and for the foreseeable future,”
EBG’s commercial and agricultural property business is to continue.