The London agency is reported to be under pressure to sell up from two investors now.
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Foxtons buys big rival Ludlow Thompson for £10 million
Acquisition is part of strategy to grow its lettings capability in London and reduce its exposure to the volatile sales market.
Read MoreBranch property keys logbooks ‘thing of the past’ claims app firm
Three leading agencies are already using the KeyNest app, which tracks who holds a key and where it is, displaying the data within an app.
Read MoreMPs turn up heat on letting agents over ‘No DSS’ adverts
Parliamentary investigation is to hear from senior executives at LSL and Hunters next week.
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