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Agencies & People

Spicerhaart to spend £30m doubling size of lettings business

Company is to invest heavily in push lead by former Countrywide senior Satwant Basi, including recruiting another 130 home-working Partners.

Nigel Lewis

spicerhaart

Industry giant Spicerhaart, which operates seven estate agency firms including its largest, Haart, is to beef up its lettings business with a £30 million investment under new MD Satwant Basi (main pic, centre).

The 51-year-old is a company man with a 15-year career within the business and been Spicerhaart’s Ops director since June.

He has been tasked with more than doubling the corporate’s lettings business partly through organic growth but also via its existing hybrid-style but directly-employed home-working Partnership model, with a target to recruit 130 of them by 2024.

“These are incredibly exciting times for Spicerhaart Lettings as we realise our ambition to be the number one lettings agent in the UK,” says Basi.

“As well as investing substantially in our teams and our IT systems, we will also be focusing on our property management services and appointing new leaders to help further develop our business. We want to be the employer of choice.”

Loyalty

Spicerhaart’s CEO Paul Smith (main pic, left) added: “One of the best parts of any CEO’s job is to promote from within and seeing Sat’s performance and loyalty pay off makes my role so enjoyable.

“He will lead us into our new five-year growth plan whereby this business will be worth a quarter of a billion pounds in its own right by the end.”

Basi is an Economics graduate who lives near Birmingham and previously worked for Countrywide for nine years. He is a Fellow of the Association of Residential Lettings Agents and is a multiple national award winner within Spicerhaart.

Magnetic

Antony Lark (main pic, right), Spicerhaart’s Group Managing Director, said: “We have moved into an incredibly exciting phase of the Spicerhaart Lettings journey. I am delighted that Sat will be leading the business through this. He has been central to all that has been achieved so far and his energy and ambition are magnetic. I am extremely excited about the plans we have now made with the senior lettings team.”

Read more about the Partnership model.

October 6, 2021

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