Dexters has announced in its second acqusition in less than a month, with the purchase of east London firm Keatons.

Last month, Dexters announced the acquisition of respected Norbury-based independent estate agent James Alexander, and the opening of two new offices in Surbiton and Canada Water.

And now it has taken over Keatons and its seven offices.

Fastest growing

Founded almost 30 years ago, Keatons operates in Bow, Deptford, Hackney, Kentish Town, Shoreditch, Stratford and Wanstead.

This latest acquisition, which was brokered by Atomic, welcomes 90 new colleagues to join Dexters’ 2,500-strong team across the capital, and adds over 2,500 properties to Dexters growing property management portfolio. Keatons’ services include sales, lettings, new homes and property management.

Dexters says it is the fastest growing independent estate agent in London. The acquisition of Keatons, along with James Alexander and the announcement of the opening of two offices have enlarged the group’s portfolio of high street London offices by 10 in just a month.

Keatons deep local market knowledge, strong high street presence and commitment to outstanding customer service, aligns perfectly with our core values.”

Andy Shepherd, CEO at Dexters, says: “We are pleased to welcome Keatons to the Dexters group. We are privileged to have been chosen as the partners to deliver the next phase of growth for the business.

“Keatons deep local market knowledge, strong high street presence and commitment to outstanding customer service, aligns perfectly with our core values. We look forward to working closely with the Keatons team as we continue our growth journey.”

No surprises

Kye Wheatley, Founding Partner at Keatons, says: “We are delighted that Keatons is now part of Dexters, London’s leading independent estate agency.

“We chose Dexters as they share our passion for providing first-class service and local expertise. Keatons will now benefit from access to Dexters unrivalled experience in helping teams deliver a brilliant customer service and from its significant financial strength,” he says.

“We are delighted that this transaction has been completed in less than four weeks from agreeing terms. We have been very impressed by the speed and efficiency of the Dexters inhouse Acquisition and Legal team as the transaction completed with no surprises.”

180 offices

The Dexters group, chaired by former Sainsbury’s CEO Justin King CBE and led by Shepherd, now operates more than 180 offices across London, managing over 48,000 landlords and serving more than 200,000 buyers and tenants actively seeking homes in London.

Back in 2020, Keatons bought rival JD Property in a deal that saw it acquire both JD Property’s team and its managed portfolio.

The move took Keatons own portfolio to over 2,500 properties and was its third acquisition since 2017, part of a plan to reach 5,000.