Another independent sales and lettings agency group has been snapped up by Belvoir, which takes it over the 200-office threshold.
The 16-office West Midlands-based Goodchilds Estate Agents and Lettings Ltd., founded in 2004, has become part of the Newton Fallowell group which Belvoir acquired earlier this year.
Both companies will operate under the umbrella of parent company Belvoir Lettings plc.
Dorian Gonsalves, Belvoir’s director of commercial and franchising, says the acquisition represents "a clear strategic fit with our acquisition strategy of building a network based on multi-brand franchises, which will increase market share and geographic coverage."
The acquisition takes the number of offices in the Belvoir network to 211. It now manages over 35,000 properties.
“When Belvoir floated on the London Stock Exchange in 2012 we made a clear promise to our network and our investors that we would reach 200 offices before the end of 2016. The acquisition of Goodchilds just two months after the acquisition of Newton Fallowell now puts us well ahead of this target and with further acquisitions in the pipeline, we are looking forward to breaking new barriers in the future” says Gonsalves.
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