acquisitions
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Latest property news
Leaders’ growth continues
Leaders has purchased Bulmer Estates, a family-run business owned by Andrew and Rebecca Bulmer in West Bridgford.
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Latest property news
Acquisitions and departures
Hamptons International has snapped up Patterson Bowe property and lettings agency operating in Knightsbridge, Kensington and Chelsea. Established over 25 years ago, the central London based independent agency has built a reputation as one of the most successful Lettings Partnerships in the heart of the capital, and it is the strength of the firm’s lettings portfolio and the combined specialist client service offered by its staff that ultimately appealed to Hamptons International, according to Lesley Cairns, the company’s Head of Lettings. Cairns said, “We are delighted to have acquired Patterson Bowe; one of Prime London’s most esteemed Lettings agencies. Through organic and acquisitive growth, the lettings division at Hamptons International has doubled in size over the past eight years and today’s acquisition reflects the company’s strategic plan to further expand its market share. “We are very much looking forward to welcoming staff and customers of Patterson Bowe into our organisation, who as new employees and clients of Hamptons International will have access to a wealth of benefits and opportunities that come with being part of a large network.” All members of staff at Patterson Bowe have already joined Hamptons International’s Knightsbridge branch. Directors of the agency, Stuart Patterson and Allister…
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Uncategorised
Leaders continues on expansion trail
Leaders further increased its regional footprint by completing the acquisition of Southend-based Tudor Estates last week – keeping the firm’s expansion plans on course. The deal to acquire Tudor Estates, which was founded in 1959, comes just weeks after Leaders absorbed another Essex company into its national network. More Estate Agents, with branches in Clacton, Colchester, Chelmsford and Braintree, joined the organisation in January. This is Leaders’ third acquisition this year following a busy 2015 in which it spent over £25 million on 11 acquisitions and 32 new branches. Leaders now have 118 branches in total, including five in Essex. “Adding a fifth branch to our growing presence in Essex is fantastic news. We believe the county is home to an important property market with plenty of potential, Kevin Shaw (left), National Sales Director at Leaders, said. He added, “The Tudor team has gained a tremendous reputation in Southend over many years and we look forward to building on this. This acquisition gives us a chance to extend our coverage in Essex and roll out our range of services to more sellers and landlords.” The entire Tudor team has opted to remain with Leaders, and Luke Chiddicks, Sales Manager at…
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Agencies & People
Takeover talks
Are you eyeing up a rival agency to buy it and expand your business? Nigel Lewis asks experts Shaz Nawaz and Samuel Roser about the ten key questions you should ask yourself first.
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Agencies & People
Life’s a beach
Life’s a beach …or it could be, if Belvoir – or any other business-hungry buyer – came knocking on your door. Nigel Lewis speaks to Commercial and Franchise Director Dorian Gonsalves.
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Agencies & People
Romans acquires Bramptons
Sales and lettings agency, Bramptons, has become the latest in a growing list of firms to merge with the Romans Group, it has been announced. Romans has acquired the Bramptons branches at Beaconsfield and Gerrards Cross in Buckinghamshire, marking the Group’s seventh acquisition of 2015. All members of staff at Bramptons have joined Romans under the Transfer of Undertakings (Protection of Employment) Regulations 2006, otherwise known as TUPE, including the firm’s Director, Peter Scott. Commenting on the merger, Scott said, “The decision to sell to Romans was not one that was taken lightly; we are all extremely passionate about property and have thoroughly enjoyed working across South Buckinghamshire building Brampton’s reputation as a reliable and trusted estate and lettings agency. “Therefore, it was imperative that we sold to a company with the same passion as us, but who could also bring additional experience and investment to improve the service our clients, current and future, receive.” As part of the Romans Group, Bramptons will now be able to offer clients a property auctions sales room, surveying, conveyancing, planning expertise, and access to new homes developments, in addition to its existing sales and lettings service. Richard Frost (MARLA), Lettings Director at the…
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Agencies & People
Buy to grow
What is the best way to expand – buy a business or build one from scratch? It’s a tough decision and different companies have come to very different conclusions, as Adam Walker of Adam J Walker & Associates explains.
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Agencies & People
BUY BUY BUY!!! Leaders, Romans and Connells complete acquisitions
Leaders has acquired Home Counties estate agency Aston Mead in a deal which brings it additional branches in two new areas, taking it past the 100 branch milestone. Aston Mead trades from Epsom, Walton-on-Thames, Weybridge and Woking where Leaders will be merging the business with its existing, well established branches; as well as from Sunningdale and Chertsey which are new areas for Leaders and will take the firm to just over 100 branches. Leaders passed another significant milestone recently when it welcomed its 1000th member of staff following the acquisition of IMS Letting in Derby in June. Matthew Light (left of the main picture), Leaders’ former finance director who recently took up the new role of acquisitions director, said, “We extend a very warm welcome to all our new staff and clients who join us from Aston Mead, and a special welcome to our new team in Sunningdale, which is our 100th branch.The Romans Group has acquired Meldrum Salter Edgley in Guildford and Connells Group has snapped up another lettings business a – Cartwrights in Stafford. Meanwhile, Romans’ decision to buy Meldrum Salter Edgley fits in with the firm’s expansion strategy, and follows on from the acquisition of James Griffin…
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Agencies & People
Countrywide further expands lettings business
Countrywide Residential Lettings, part of the UK’s largest estate agency and property services Group, has acquired four successful lettings businesses over the past three months. The recent acquisitions include Property Links in Plymouth; Anderson Residential a full service lettings agency in Sutton Coldfield; the large portfolio of HE Lettings in Lincolnshire and All in One Move in Swindon. As part of Countrywide plc, all four acquired businesses will benefit from the Group’s shared marketing services, property market insight due to economies of scale and shared services from local lettings agency brands. Nick Dunning, Group Commercial Director, Countrywide plc, said, “The acquisitions we made in quarter one, 2015 are in line with our selective acquisitions strategy, which is focused on delivering the best growth and success for all parties involved. These acquisitions significantly increase our regional footprint and fill in the geographical gaps in our portfolio. Current market conditions offer ongoing opportunities to acquire lettings businesses and scope to enter new markets as well as expand our presence in existing markets.” Over the past five years Countrywide has invested over £80 million in acquiring more than 100 lettings businesses throughout England and Scotland. During that period, Countrywide has opened over 100…
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Agencies & People
LSL acquires major stake in Thomas Morris
The acquisitions arm of LSL, LSLi, has acquired a significant shareholding in Thomas Morris estate agents which covers Cambridgeshire, Hertfordshire and Bedfordshire. Four of the seven previous partners have now exited the business as a result of the major stake snapped up by LSLi, the holding company for several estate agency brands based largely in the Home Counties with a combined network of 57 branches made up of wholly owned and franchise branches, including Intercounty, Frosts, JNP, Goodfellows, Davis Tate, Lauristons, Lawlors, Hawes & Co and Thomas Morris. Simon Bradbury (left), who along with Russell Sansby and Kevin Thomas, is remaining with Thomas Morris, keeping hold of an equity share, said: “Our experience with LSLi over the last few months has been extremely positive. “What we’ve found most appealing about the whole experience is that we will continue to run Thomas Morris but we also now have the backing of the second largest estate agency group in the UK, who understand our business, and which means that together we will continue to invest in Thomas Morris. “Most importantly the deal provides added security and additional opportunities for all the staff at Thomas Morris. We’re all really excited about the future.”…
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