Hunters is reported to be confirming its intention to float on the stock exchange today, after a series of high-profile expansions in recent months have taken its branch total to above 150 across the UK.
It now plans to expand to a total of 500 branches - which would make it a clear rival to Countrywide.
One report puts the value of Hunters already at £20m, appropriate for its listing on the Alternative Investment Market sub-market of the stock exchange, which is the usual home for relatively small newly-floated organisations.
Hunters opened its first branch 22 years ago in York. The network is mainly franchised and now has branches nationwide in key cities across the UK including London, Exeter, Birmingham, Leeds, Manchester, Middlesbrough and Liverpool and many locations in between. Hunters also has an office in Alicante, Spain.
In 2014 alone, the Hunters network grew by 37 new locations with the aim of expanding to over 500 offices in five years’ time.
Yesterday Estate Agent Today reported Hunters’ latest expansion - Kudos Residential in Norfolk, which has seven branches rebranding during the course of this week, and taking the current Hunters total over the 150 mark.
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment