Foxtons new branches

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    EXCLUSIVE: Foxtons targets national market in growth plans

    Foxtons CEO Guy Gittins tells The Neg his vision for the London agency is expansion across the whole of the UK with 500-600 offices.

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    Foxtons brushes aside worries with two new offices

    Foxtons has announced that it is to open two new branches in London next month, despite recent disappointing sales results. The company’s two new branches are both to be in traditionally football-focussed areas of the capital. These are Wood Green, next door to Tottenham Hotspurs’ ground at White Hart Lane, and Wembley. This brings the company’s total to 67 within London and, the company says, is in line with its ‘organic growth strategy’. Foxtons opened seven offices last year and these, like the latest two, have mostly been in London’s outer suburban areas where, the company believes, there are the greatest opportunities. Earlier this month the company reported that its profits for 2016 were likely to be down 45% and revenue down 11%. The company at the time blamed a ‘subdued’ market. This hasn’t dented confidence within the senior team, it would seem. Andrew Weir, Foxtons Sales Managing Director, says: “We are thrilled to be continuing our planned expansion with the launch of our new London offices. “Last year saw us proving our commitment to customer service by achieving an average rating of 4.6 out of 5 across all of our branches on Google reviews and the highest rating of…

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