Belvoir Lettings PLC - Further Growth from Northwood Subsidiary
For immediate release
(the 'Group' or 'Belvoir')
Further Growth from Northwood Subsidiary
Franchisee Led Acquisitions
Belvoir lettings plc (AIM:BLV), the
At the end of August, Belvoir reported that as part of the
Together, these ten acquisitions have added around 1,000 new properties under management to the Group and will generate an additional
"Our confidence in Northwood, its senior management team and its franchise network to deliver strong growth as part of the
Dorian Gonsalves, Chief Executive Officer
Louise George, Chief Financial Officer
01476 584 900
Cantor Fitzgerald Europe
0207 894 7000
0207 466 5000
Founded in 1995 and listed on AIM in 2012 (BLV.L), Belvoir operates a nationwide property franchise group with 300 offices across four brands offering a range of specialist services in property rental, property management, residential lettings, buy to let and property sales. With its Central Office in Grantham, Lincolnshire, the Group manages over 57,000 properties and reported revenue of
Belvoir's core revenue is derived from Management Service Fees (MSF); a reliable recurring revenue model through which the Group offers franchisees significant support and advice.
In 2015 Belvoir launched its multi-brand franchising strategy and now owns
The Company remains committed to diversifying its brand portfolio, utilising the Group's strong franchising expertise and infrastructure, in order to capitalise on a consolidating market.
This announcement is not intended to, and does not, constitute, represent or form part of any offer, invitation or solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.
The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law or regulation and therefore any person who comes into possession of this announcement should inform themselves about, and comply with, such restrictions. Any failure to comply with such restrictions may constitute a violation of the securities laws or regulations of any such relevant jurisdiction.
Cantor Fitzgerald Europe, which is authorised and regulated in the United Kingdom by the FCA, is acting for the Company and for no one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Cantor Fitzgerald Europe or for providing advice in relation to the contents of this announcement, or any other matters referred to in this announcement.
This announcement may contain "forward-looking statements" relating to the
This information is provided by RNS
Quick facts: Belvoir Group PLC
Market Cap: £49.83 m
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