Be careful who you trust to sell your letting agency
SELLING YOUR LETTING AGENCY ? BE CAREFUL WHO YOU TRUST. Choosing the right broker will have a huge impact on the price that you achieve for your letting agency. Over the last few years, we have seen a number of new competitors spring up but we have retained our position as the market leader in the…
Read MoreIs it time to retire – or is there a better way to carry on?
Is it time to sell up and buy that yacht? Or is there a way to carry on doing what you’re best at and what you love? Adam Walker has some advice. I had a big birthday recently and as a consequence people have started to ask me when I am going to retire. The…
Read MoreDeath by a thousand cuts – legislation is killing the letting agent
There is an unforeseen cumulative effect of the raft of new legislation, says Adam Walker, and it is pushing the independent out of the PRS. We have completed a much higher than usual number of business sales this month due to people rushing to beat the latest tax increase in the Spring Budget. However there…
Read MoreLRG snaps up ‘tiny office’ but big patch NW agency
LRG has acquired another independent lettings agency as its expansion plans continue apace. The latest acquisition is Easthams, based in Preston, Lancashire, which operates out of a tiny office in the city, but covers a large area including the Fylde Coast and South Ribble area. Easthams was first established in 1984 by Sam Eastham, the…
Read MoreConnells acquires 750-strong lettings book and five branches
Connells, the UK’s largest estate agency group, has grown even larger following its latest acquisition, this time of five-branch SW London estate agency Aspire. The industry giant says the purchase of the 22-year old firm gives it further coverage via Aspire’s branches in Battersea, Balham, Fulham South, Fulham Central, and Clapham but also, more importantly,…
Read MoreLondon estate agency in ‘acquisition mode’ as firm lines up deals
With a career in the UK property market spanning more than 30 years, Julie Drake is now a specialist in the sale of estate agencies. Formerly associate director at Savills, where she headed up their new homes team in the South West until 2011, Drake is currently a business sales broker and management consultant at…
Read MoreLomond completes the latest in a series of strategic acquisitions in London
Lomond, one of the UK’s fastest growing estate agencies, has expanded its presence in London with the acquisition of Draker, which specialises in and around the Royal Borough of Kensington and Chelsea, as well as Hammersmith and Fulham. Launched 15 years ago by Tim Hassell, previously of Foxtons, Draker has three offices and manages a…
Read MoreLeading prime independent lettings agency bought by Lomond
Draker, which was established by Tim Hassell 15 years ago, is the burgeoning lettings agency group’s latest London purchase. The bewildering pace of acquisitions by Lomond has continued this week following its purchase of up another independent lettings agency for an undisclosed sum. London agency Draker, which was founded in 2010, will now join Lomond’s set…
Read MoreWe Must Give Our Young People A Chance
A friend recently asked me to give his son some advice about a career in an estate agency. I did my best to help him but in the process of doing so I realised that it would be almost impossible for him to do what I did when I started. I took my first estate…
Read MoreBig agency sweeps up student firm despite renting reform threat
Lomond has acquired Nottingham-based firm Uni2 Rent, founded by Ed Henderson, proving renting reforms aren’t scaring off business buyers. Rapidly expanding estate agency group Lomond has made another acquisition with the purchase of a leading student accommodation provider. Uni2 Rent, based in Nottingham, has been bought by Lomond just two weeks after it acquired Kent agency Oakwood…
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