acquisition
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Agencies & People
Leaders completes major acquisition
Leaders has completed the purchase of Derby-based letting agent, IMS Lettings Limited, in its largest acquisition deal to date. The decision to buy IMS Lettings Limited follows Leaders’ recent purchase of Nottingham property sales and lettings firm PWR in April and significantly extends Leaders’ branch network in the East Midlands. IMS, which has been established for over 10 years, has offices in Derby, Duffield, Belper, Borrowash and Long Eaton. All the members of staff at IMS have joined Leaders under the Transfer of Undertakings (Protection of Employment) Regulations 2006, otherwise known as TUPE, whilst the firm’s vendor, Chris Griffin, has exited the company to focus on other business interests. Commenting on the sale of IMS, Griffin (right of the main pic) said, “I am confident that the business I have built over the last 10 years will have a secure and successful future as part of Leaders. In choosing a company to sell to it was crucial to me that my clients and staff would be well looked after and that the business would continue to be run in line with the high standards I have set and maintained over the last decade. “I know that with Leaders there will…
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Agencies & People
Countrywide acquires Greene & Co
Greene & Co, the London based estate agency, has been snapped up by Hamptons International – part of Countrywide PLC – for an undisclosed sum. Established more than 30 years ago in West Hampstead by Michael Greene and Noe Glasman, Greene & Co, which was the subject of a BBC fly-on-the-wall documentary a few years ago, has seven offices across the capital serving West Hampstead, Maida Vale, Crouch End, Belsize Park, Clerkenwell, Kensal Rise and Queen’s Park. The agency comprises sales, lettings, financial services, property management and new homes and investments. Greene & Co also has a sister company Urban Spaces; a specialist and expert team focused solely on residential loft spaces across London. The acquisition takes in all divisions of the agency and Urban Spaces. Having led the organisation for nearly 20 years, Managing Director of Greene & Co, David W Pollock (left), will step down from his role. Mr Pollock, who has played an instrumental role in the company’s success, acquired a controlling interest in the company from its Co-Founder Michael Greene. He then teamed up with property entrepreneurs Harry Handlesman, Founding Director of the ground-breaking Manhattan Loft Company and John Hitchcox, Founder of Yoo (a property venture…
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Agencies & People
Romans acquires Drummonds
The Romans Group last week announced another significant step in its expansion strategy with the acquisition of Drummonds in Caversham. Expanding its portfolio of estate and letting agencies has been high on the agenda for the Romans Group with seven successful acquisitions already under its belt over the past year or so and a £12 million finance facility from its bankers available for more business purchases. “Romans’ recent growth and ongoing success made it clear to me that this would be a smooth move that would really benefit my clients,” said John Grimes, Founder of Drummonds. “Their experience in the local market place really stood out to me and I know everyone will value the state of the art facilities and extensive advertising campaigns Romans offer from their Caversham branch.” The Caversham-based agency is now fully-incorporated into the Romans Caversham branch which has been established in the town since 2009. Many of the agents have worked in Caversham for over a decade and have vast knowledge of the local property market. As all acquired agencies, the team at Drummonds will now benefit from investment in Information Technology, training, intensive marketing and the numerous services also available to customers on top…
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