Owners of Northwood Newcastle, Inde Dhillon (main picture right) and his business partner, Aman Singh (left) have bought a big lettings portfolio in Durham follwing the purchase of Urban BASE.

As well as taking their managed portfolio to over 1,100 properties, this latest deal will add a very significant new dimension to their business, as it is a proven specialist in the sale of land and new homes.

It follows the acquisition of Moving Homes in North Shields earlier this year.

Northwood MD, Phil Gee, said: “Inde and Aman are incredibly ambitious young entrepreneurs, and I congratulate them on everything they have achieved.

“They are incredibly decent, hardworking individuals who are very well respected within the Northwood network and the wider industry, and I wish them every success for the future as they continue to expand their business in the North East.”

Prestigious purchase

The additional properties taken on through this acquisition are letting for around £2,000-£3,000 per month.

As part of the deal, Urban BASE will continue trading under the same name, under the previous owner, Jan Dale, to capitalise on the well-established and reputable brand that it has built over the last 20 years.

Inde commented: “All of our offices operate individually, although we have a lettings hub in our Northwood Benton office to manage the rental side of the business. We now have a team of 40 people, and this latest acquisition is another significant step towards our goal of becoming one of the biggest agents in the North East.

“Over the last six years we’ve felt extremely privileged that the owners of some of the biggest and best independent agencies in the North East have entrusted us to take on their businesses, and this has enabled Northwood Newcastle to become a real property management giant in the area.”