Nine-branch Hampshire and Surrey estate agency Charters has added some 650 properties to its lettings book following its merger with Southampton rival Knights Porter.
Charters is a multi-disciplinary agency with a range of departments offering sales, lettings, surveying, architectural and financial services and as well as a land and new homes.
The company says the merger with Southampton-based Knights Porter, which started out during the 1990s as a property investment firm for retained landlord clients, is a strategic move to grow its residential lettings operations and part of an overall growth plan for the business. Knights Porter does not have a traditional high street presence and is based within central Southampton commercial offices.
But this deal is also part of an ongoing and accelerating trend within the lettings sector which has seen a flurry of acquisitions and mergers in recent months as the pandemic and increasing regulation has persuaded many business owner to sell up or retire.
Loyal landlord base
Richard Fowler, MD of Knights Porter says: ”Over the last 14 years we have built an excellent reputation and established an extensive lettings portfolio within the Southampton area.
“Over the years we have worked hard to support a loyal landlord base with not just our lettings service, but also for advice and support in building their own portfolios.
“We see the merger between Charters and Knights Porter as an excellent opportunity to take the business to the next level, a move that will ensure an excellent property lettings service for clients across Southampton and surrounding areas.
Robert Mott (pictured), the Charters Group Chairman, adds: “We would like to take this opportunity to welcome Richard and his team to the Charters family.”
Read more about lettings consolidation with the industry.