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Hive of activity

Tyneside Lettings image

Robbie Kalbraier and Michael Mortimer

 

As part of its expansion plans, north-east estate agency, Hive Estates, has acquired a Newcastle lettings business.

Tyneside Lettings has been bought for an undisclosed six-figure sum and the existing team of four join Hive Estates and sister companies, while Director, Robbie Kalbraier, joins the board as its chairman.

His appointment will help steer Hive Estates into further growth, advising from a property development and chartered construction background.

This deal adds more than 267 tenanted units to Hive’s portfolio.

Hive Estates MD, Michael Mortimer, said: “The addition to the business really shows we’re a serious player around the city and we are already on the hunt for our next acquisition. We’re also delighted Robbie agreed to join us as chairman which builds a strategic partnership between our two companies. We really value his experience and expertise and know he will play a vital role steering us going forwards.

Robbie Kalbraier added: “The company is young, fresh and ambitious about providing something different in the market. They take the traditional estate agency model but inject it their own ideas with a unique spin and approach. Michael’s vision and passion for a new breed of estate agency really drew me into wanting to do business with him, and I’ve already referred a client over to him.”

May 17, 2022

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