Belvoir acquires Goodchilds

Belvoir has completed the acquisition of West Midlands based Goodchilds Estate Agents and Lettings Ltd, taking the number of offices in its network to 211. Founded by David Warke in 2004, Goodchilds, which has 16 property sales and lettings branches located across the West Midlands, will now become part of Belvoir-owned Newton Fallowell group, under the leadership of Chief Executive, Mark Newton. Mark Newton said, “I am really looking forward to Goodchilds coming on board, and welcoming a further 16 offices to the Newton Fallowell network, which will bring the total to 46. “The balance of lettings and property sales within the Goodchilds network is currently 70 per cent lettings and 30 per cent estate agency. Newton Fallowell’s strength and expertise in estate agency will help to enhance the sales side of the business and the added support of Belvoir as a parent company will greatly benefit all aspects of business growth.” Aside from significantly increase the volume of offices in Belvoir’s network, the acquisition of Goodchilds has also boosted the number of properties managed by the firm to 35,000. “The acquisition represents a clear strategic fit with our acquisition strategy of building a network based on multi-brand franchises, which…

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