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London independent lettings book acquired by franchise office

A franchisee group in The Property Franchise Group stable has acquired a nearby independent’s lettings book. 

The owners of Ellis & Co’s Greenford branch have snapped up over 70 properties from the portfolio of West London agency Windmill Residential.

Deepak Mehta, Ravi Khetani and Cristina Siladi run the Ellis & Co operation and Mehta says: “It’s been quite a journey since 2003 and this acquisition is extremely pleasing after a sustained period of organic growth for both the Greenford and Wembley offices. Since opening the Greenford branch in 2015, we’ve been non-stop and the driving forces for the success we’ve had are really Ravi and Cristina.”

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The Windmill Residential acquisition takes the combined portfolio across their two offices to more than 750 properties.

Ellis & Co’s overall managing director Rob Smith adds: “Deepak and his team continue to take their business forward at pace and I’m certain even more great things lie ahead for them. Acquisitions remain a key strategy for us at Ellis & Co and we have the mechanisms to complete deals quickly, so I’d encourage any independents thinking of selling their portfolios to get in touch with us.”

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