Belvoir Cardiff has completed the acquisition of a management portfolio of 130 rental properties.
The purchase of all properties managed by Letwise comes after the firm's owner retired from the lettings industry.
The franchise's portfolio in Cardiff and the surrounding now holds over 300 properties.
By expanding the rental portfolio, Belvoir Cardiff's franchise owner, Rob Price, is hoping to double the size of his team.
"With the acquisition now complete, we look forward to welcoming our new colleagues in the near future,” he says.
The purchase was completed with the help of a six-figure funding package from HSBC.
The bank's area director for South Wales, Phil Sargeant, comments: “Rob Price is an ambitious businessman with a clear strategy for the growth of his business."
"This acquisition came at exactly the right time for Belvoir Cardiff and we were able to move quickly to put the best funding facility in place to support its growth."
An agency claims that the acquisition of a competitor’s lettings department...
The owner of a Belvoir lettings franchise has fulfilled a lockdown...
The UK’s largest franchise agency has secured funding which it will...
Lomond has snapped up another lettings book - it’s of the...
The predictions game can be tricky. Sometimes you just don’t know...
Leading UK property auctioneer Bond Wolfe has broken through the £100...
Uncertainty triggered by the new Labour Government and taxation concerns that...
B-hive Block Management Partners Celebrates Major Milestone With Over 100 Businesses...
We’re absolutely delighted to announce that, after 10 years, we’re able...
You don’t have to simply accept things as they are when...
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
The benefits for letting agents to outsource their client accounting is...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Jump to latest comment and add your reply
Why would he do that. Now he's got to pay Belvoir about 9% of his profit. Then when he sells he has limited his audience & can only sell to another Belvoir franchisee, & it is proven you always achieve less than in the open market. Should have bought it & ran it himself as ' Rob Price Lettings' Franchises are a con!
Please login to comment