PropTech key as London agency launches aggressive acquisition campaign

After reporting record summer figures from its lettings division, Chestertons says it’s on the acquisition trail and looking for agencies to take over. 

“Chestertons has been well positioned to take advantage of the huge surge in lettings activity in London, thanks to our highly experienced front offices staff working closely with our centralised tenancy progression team and expert compliance department” explains the company’s new managing director, Guy Gittins. 

“By introducing more technological solutions to support these teams, we will be able to increase our capacity, improve the experience for buyers, sellers, tenants and landlords and substantially reduce the time it takes to complete transactions” he adds.

As a result Chestertons is investing in a number of PropTech projects that it says will improve the efficiency of its Anti Money Laundering checks and increase the speed with which it can process tenancy agreements. 

With these improvements already increasing its capacity, it is hoping to acquire other lettings businesses in London over the coming year, it says. 

The agency has also taken leases on two new offices – one in Chelsea’s Cale Street, which opened earlier this month, and another in Barnes – and has initiated a wave of branch refurbishments which will see branches such as South Kensington and Camden given a make-over and new teams moved in.