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London property firm on hunt for letting firm acquisitions

22 October 2010
Written by rosalind renshaw

London property group Thamesview Estate Agents has ramped up its expansion plans and is looking for lettings and property management businesses to buy.

Thamesview, which trades as a number of high-profile London brands such as Dexters, Fletchers, and Snellers, has already recently snapped up businesses including Moving Space, Pad, Apricot, Armitage and Chard.

The aim is to make the company a major force in London lettings.

Group CEO Jeff Doble said: “Acquiring a business or portfolio is a great way for the company to expand into new locations while also enhancing our existing brands.”

Thamesview has brought in lettings expert Rob Fyfe as acquisitions consultant, charged with accelerating Thamesview’s growth.

Fyfe said: “With so much media negativity surrounding the property market, many owners have lost sight of the value they’ve grown in their company.

“I think there’s a real market for selling a well-run business in the property sector, both for financial gain and to lift the burden of bureaucracy from the shoulders of the principal.”

Comments

  • icon

    Brilliant PR, love it ! – not so much a press release than an advert

    They can join Leaders, Connells / Sequence, haart, Countrywide………………..(you get my point) in the queue for companies that want to buy lettings portfolios.

    I am led to believe they are worth about 100 to 110% of turnover and the clever money doesn’t take all the staff – oh, the banks will fund it as well.

    • 22 October 2010 16:55 PM
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