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TODAY'S OTHER NEWS

Connells to ramp up acquisition activity

Connells Group is set to increase its national network of agency offices through more acquisitions. 

Over the last year Connells has embarked on what it says is one of the ‘most ambitious growth strategies ever undertaken by a UK agency’. 

Its most high profile recent acquisition was 26-branch Peter Alan, one of Wales’ biggest agents, for over £16m in July last year.

It has also added Adrian Cole & Partners, Platinum Lettings, Harrisons Lettings and Liverpool agency Farrell Heyworth to its portfolio in recent times. 

And now the firm has announced the appointment of Mike Rowley as acquisitions director, a new role which has been created to spearhead the expansion plans. 

Rowley was previously a director of Connells Limited and the managing director of Connells Survey & Valuation. He is re-joining the company after some time away from the property industry.

“It took me a fraction of a second to jump at the opportunity to re-join Connells at such an exciting time for the business.  The Connells management team is made up of entrepreneurs who still think like independent agents.  This will help me when talking to interested parties,” says Rowley.

Commenting on the new appointment, Connells Group CEO David Livesey adds: “We are delighted to welcome Mike back to the Group.  He brings valuable know-how to Connells and a wealth of experience in all areas of the property industry.” 

“We have signalled our intention to grow our lettings and estate agency presence nationally and Mike will significantly enhance our ability to do this.  Also, having previously been a senior executive, Mike already knows the Connells Group inside out.”  

  • Jonathan Rolande

    These Corporate shopping sprees remind me of the 80s. Just hope what happened in the 90s isn’t about to happen!

  • Jon  Tarrey

    Don't say that, Jonathan. You'll tempt fate :)

    Then again, maybe that's not a bad thing. People will realise how fragile our housing market is, and propping it up on high house prices and foreign investment is not a good long-term plan. Maybe we will get back to a more fair and balanced property market, where young buyers actually have a chance of getting on the ladder and the stock isn't all hoarded by a load of rich buy-to-letters and dodgy landlords. Maybe we will even start to build enough houses to keep up with demand, or at the very least bring back into use the shocking number of empty homes we have in the UK.

    I won't hold my breath, though.

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