Yorkshire estate agency expands with acquisition of 600-home lettings business
A Yorkshire residential letting agency has added more than 600 homes to its portfolio with its most recent acquisition.
Linley & Simpson has purchased the residential lettings and management division of Dacre, Son & Hartley, a 200-year-old independent Yorkshire estate agent which has a network of 20 branches, for an undisclosed sum.
Linley & Simpson now has a portfolio of more than 12,000 rental properties across its 22 high street branches in Yorkshire and the Humber.
The deal is the seventh struck by Linley & Simpson since the outbreak of Covid-19 and it will see Dacre, Son & Hartley’s key focus become residential sales, as well as other property services including land and new homes, and commercial agency and property management.
Will Linley, chief executive of Linley & Simpson, said: “Our branches share the same footprint as those of Dacre, Son & Hartley, so this injection of properties will dovetail seamlessly into our network. Our confidence in the private rented sector for 2021 and beyond remains strong.”
He continued: “Other acquisitions are being primed, enabling us to set up in new location and scale up in existing ones at pace in the New Year.”
Vincent Phillips, chairman of Dacre, Son & Hartley, said: “We have known Linley & Simpson for many years and have great respect for the market-leading specialist business they have built; so much that we are even putting our own residential investments under their management.”
Patrick McCutcheon, head of residential at Dacre, Son & Hartley, said: “Transferring out rental portfolio to an agency with a dedicated letting specialism, like Linley & Simpson, is a natural step – and our former tenants and landlords will be in trusted hands.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.