Agencies & People
News covering the businesses, activities, people and personalities in estate agency and letting agency and wider residential property industry.
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IN PICTURES: Estate agency’s near miss during Storm Francis
Huge tree slams into the premises of Birmingham firm Klarico knocking over a large wall as tempest slams into the city.
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Covid recession could see 2,500 branches disappear from the high street, it is claimed
Prediction is made by TPFG Gareth Samples based on his experience of previous recessions, although this time they could simply go hybrid.
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Luxe agency Quintessentially Estates’ parent company turns to US investor for cash
Both the agency and its parent company's accounts are overdue as, even before Covid, the group was facing problems with bad debts.
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Is Savills embracing a more ‘dress down’ approach to business attire?
Former Knight Frank high flyer Daniel Woods, its latest new hire to head up the firm's Hackney branch, has eschewed the company's trademark suit and tie.
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Self-employed ‘entrepreneur’ agents are better than ‘desk jockeys’ says industry figure
Comments are made by operators of Keller Williams Essex franchise as the company hires its 50th estate agent.
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Countrywide will soon face a takeover attempt, predicts industry watcher
John Bodinham, an industry watcher, minior Countrywide investor and former agent, says his gut feeling is that the company is very likely to face a takeover attempt sooner or later. The 64-year-old, who is based in Wales and has a substantial track record in the residential and commercial property sectors, says his research into Countrywide points to a takeover attempt by Robin Paterson soon. As The Negotiator recently reported, Paterson has been buying up Countrywide shares in recent weeks and now owns just over 10% of its stock. Bodinham reckons Paterson is a bit too ‘long in the tooth’ to hang around and would have no difficulty getting some investors on board to join him ‘as he is a performer’. Successful career “Paterson has enjoyed a long and successful career so this could be a last roll of the dice – therefore why bother making a move unless you are going to go the whole hog,” says Bodinham. He says an offer of £2.75 a share ‘would win the races’ which would value the company at approximately £95 million. “Add on the estimated £75 million debt the company is carrying and you have £170 million for a clean slate –…
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OTM ejects ‘baffled’ estate agency just two months after joining
OTM tells agency it can no longer list on the portal because it 'doesn't do its own on-site valuations', an accusation it denies.
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Larger than life former Welsh agent dies in tragic jet-ski incident
Barry Davies worked at estate agency Dafydd Hardy for many years before becoming a police constable seven years ago.
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Sales negotiators have the best chance of getting a new job, industry research shows
Job advertising data from a leading recruitment has discovered the most in-demand roles within the sales and lettings sectors, and the cities where they are to be found.
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Robin Paterson makes his next (highly critical) move on Countrywide
Industry veteran and Sotheby's Realty UK owner says unless Countrywide takes his suggestions on board, he will entertain 'other options' to turn the company around.
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