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Agencies & People

Hunters hoovers up 279-property lettings portfolio in Midlands

Local franchisee is helped financially to acquire the business, the fourth of its kind nationally over the past six months for Hunters.

Nigel Lewis

Lichfield branch team: LtoR: Francesca Foster, Jayne Parton, Rebecca Clarke, Nicola Clegg , Charlotte Dean .

Franchised estate agency chain Hunters has kicked off the New Year with the purchase of a large lettings portfolio in Staffordshire.

Its Lichfield branch (pictured), which is run by David Curwen and Daniel Yates and is owned by £3+ million turnover subsidiary Hunters (Midlands) Limited, has acquired the portfolio, which includes 279 fully-managed properties in and around the cathedral town.

The deal has been struck with the help of Hunters financial support scheme, which supports franchisees among its 200+ branch network to expand their businesses.

The scheme has so far backed acquisitions of portfolios across 13 locations around the UK since it was introduced, including four during the past six months. Latest areas include Harborne in Birmingham, Sheffield, Redditch and Lichfield.

Through the initiative, the specialist acquisition team at Hunters supports local branches by helping to identify new lettings opportunities, before offering financial help to complete the purchase.

Expansion

Hunters says it had a good 2018 including expansion in the West Country, where it launched a further three branches in Somerset, and also increased its presence in locations across Yorkshire, the Midlands, the North East and London the South East.

“Our lettings expertise is first-class, and we are able to offer a proven formula which includes training, systems, marketing and technology that drives success in what is an increasingly challenging area of our industry,” says Andy Bushell, Franchise Director at Hunters.

“2019 is set to be another year of progress for the company and the continued expansion of our lettings offering is an important part of our growth.”

 

January 10, 2019

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