Countrywide has revealed that so far this year it has invested £43.2m in acquisitions to consolidate its position as the UK's largest property services group.
Since January it has purchased Tucker Gardner, a sales and lettings business in Cambridge and surrounding areas; Preston Bennett, an agent in land and new homes in North London; Humphreys Skitt & Co, a two branch sales and lettings business in Greenwich and Blackheath; BTW Shiells, the largest property consultancy in Northern Ireland; plus 23 lettings acquisitions for circa £24.9m.
The group has also opened 11 new branches across its sales and lettings network, has been selected by HSBC as its first partner' for mortgage lending, has secured a valuation contract from Barclays and has launched a residential property investment fund alongside Hermes Investment Management with initial seed equity of £95m.
The summary of the group's successes came in the release of its third quarter figures - our best ever third quarter financial result on top of the strong performance reported for the first half of 2014 according to a company spokeswoman.
The group says its available lettings and sales stock is almost at record levels, although it is priced lower than it would have been earlier in the year.
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