08:00 Fri 15 May 2015
Belvoir Lettings PLC - Acquisition of Lettings Agency in Bury
For Immediate release
(the "Company" or "Belvoir")
Acquisition of
Total consideration will be
Having opened the Belvoir Bury office in
This acquisition further reinforces Belvoir's strategy to support franchisees to grow the Belvoir brand across the UK in lettings and estate agency. As a result of the acquisition the Company's managed service fee revenue is projected to increase by
Mike Goddard, Chairman and CEO of Belvoir commented:
"This acquisition is just another example of our successful growth strategy taking effect. By constantly seeking out acquisition opportunities and supporting our strong franchisees, Belvoir is in a very positive position to continue to establish the brand and grow our network nationally. We greatly admire the enthusiasm and ambition of our franchise in Bury and Oldham and wish them every success."
For further details:
Mike Goddard, Chairman and CEO Louise George, Finance Director |
01476 584900 |
Cantor Fitzgerald Europe Rick Thompson, David Foreman, Corporate Finance David Banks, Tessa Sillars, Corporate Broking |
0207 894 7000 |
Buchanan Charles Ryland, Gabriella Clinkard, Robbie Ceiriog-Hughes |
0207 466 5000 |
About
Belvoir was founded in
Belvoir is recognised as one of the largest specialist lettings agency franchises in the UK, with 162 outlets nationwide and aims to have 200 franchises in the next three years. Belvoir was officially awarded the Best Lettings Agency Franchise Gold Award at the 2014, 2013, 2012 and 2010
Belvoir was voted Best Large Lettings Chain at the Estate & Letting Agent Awards (ESTAs) 2013, and won Silver in 2014. Belvoir has won Brand Builder of the Year at the bfa Franchisor of the Year Awards 2011 and Best Marketing Campaign of the Year at the
Belvoir successfully listed on the AIM market of the
This information is provided by RNS
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of...
FOR OUR FULL DISCLAIMER CLICK HERE