Spicerhaart has announced it is to invest more than £20m during the coming year on expanding its residential sales and lettings business.
The company plans to open ten new sales branches and double the size of its lettings division.
Chief executive Paul Smith said the company would be investing in both new starts and acquisitions across the UK, following what he said was “a hugely profitable year” in 2010.
He was speaking at the company’s annual staff awards bash at The Brewery in London.
Top Sales Negotiator for 2010 was Charlotte Longworth from haart in Doncaster, while Top Lettings Negotiator was Gemma Goldstein from Felicity J Lord in Bow.
Haart in Lincoln was named as Top Branch, while haart in Ealing won the Lettings accolade.
Comments
"But I'm sure that as a profit-driven organisation, Spicerhaart would not commit this kind of money to expansion if they felt the market wouldn't provide the return. I think we can all feel a little more confident by this news."
I believe the term is 'market saturation'...the modus operandi for those that can afford to be loss-leaders.
£19.6m invested in the Ideas Copying department and Lets Con vendors section.
They can buy my office for £20m if they like :-)
I like this, actually.
I'm an independent agent, opertating in an area, that admittedly, Spicerhaart haven't entered into yet.
But I'm sure that as a profit-driven organisation, Spicerhaart would not commit this kind of money to expansion if they felt the market wouldn't provide the return. I think we can all feel a little more confident by this news.
It would have been 40m invested if it wasn't for all the ASA fines!!!