South West London agent, Rampton Baseley, has acquired Palace Gate Lettings, a four-office operation that was founded in 1993.
Joel Baseley, Rampton Baseley co-founder said: “Given that our two businesses are already among the main players in the lettings market locally, it goes without saying that our strength in numbers will consolidate our market position and improve the offering to our respective clients. This will be the fourth lettings acquisition we have made, but it will easily be the largest, increasing our portfolio to over 1200 tenancies, and our network to seven offices. Rampton Baseley will also be adding our significant sales experience to the mix, expanding on the geographical locations as well as the company headcount.”
Charlie Weller, MD and founder of Palace Gate Lettings, added, “There comes a time for every business leader to move on to the next challenge. I can honestly say that my clients and my team will be left in the very best hands. Indeed, when it came to sell, there was only ever one business I looked to – Rampton Baseley.”
The combined business will see a network of seven offices which will provide a strong platform for further growth and a recruitment drive at every level to help fuel this expansion. Head count will also increase from 35 to 50 as a result of the acquisition.