Hunters is preparing to float on the AIM market of the London Stock Exchange to take advantage of the improving residential property market.
The large estate agency firms, which has over 150 branches, the vast majority of which are franchised, has already appointed Numis Securities as Nominated Adviser and Broker with a view to start trading on AIM by the end of next week.
Kevin Hollinrake (left), the Chairman of Hunters, who was recently elected as a Conservative MP, said, “Hunters is a highly ambitious company. Our success to date has been born out of our focus on providing our customers with an exceptional service combined with local market knowledge. The Group is excited about its next chapter as a public company. This status will help to further enhance the Hunters brand and provide access to capital to accelerate business growth.”
Hunters last week welcomed Norfolk-based Kudos Residential to its fast growing network estate agents. All seven of Kudos Residential’s branches, located across the county, including the main towns and cities of Norwich and Great Yarmouth, have all been rebranded.
Glynis Frew (right), Managing Director of Hunters Property Group, said, “This is another exciting milestone for Hunters. As we continue to widen our reach, we are delighted to have Kudos Residential on-board and look forward to what promises to be a very successful future working together under the Hunters umbrella. This compliments our branch opening in Bungay, Suffolk in October 2014 – which saw us break into the East Anglian market for the very first time.”
Kudos Residential’s seven-strong network encompasses offices in Norwich, Hellesdon, Brundall, Poringland, Long Stratton, Great Yarmouth and Gorleston.
Chris Starkings, Director of Kudos Residential, said, “Through the opening of new offices and the acquisition of other local estate agents, we have grown organically to become Norfolk’s largest independent agent; with customer service at our heart.
“It is unusual to see a business of Hunters size, which is so service driven and we wanted to partner with someone who had the same values as ourselves. The national network that Hunters offers is of huge benefit to our local offices – particularly the reach it has in London.”
Meanwhile, Benham and Reeves Residential Lettings claims that it is poised to become London’s largest independent letting agency with the opening of two new offices in Hammersmith and in Wapping.
“While some of our competitors are closing offices and just operating through a website, we feel there is nothing like face-to-face contact and a handshake,” said Managing Director Anita Mehra. “These new offices will allow us to ensure customer service is always at the forefront.”