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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