An agency which recently secured a £1.8m funding package, has used some of the cash injection to acquire the rental portfolio of Leeds Lets, who managed properties across the city from its headquarters in Headingley.
The acquisition is the first since the 10-office Linley & Simpson secured the funding as part of a new link-up with Santander's Breakthrough Programme to help accelerate its strategy for future growth.
The deal - completed for an undisclosed sum - will see the former Leeds Lets portfolio merge into Linley & Simpson's established offices in Horsforth, Roundhay and Swinegate in the city centre.
Linley & Simpson plans to use the new funding to double the size of its business over the next three years through the acquisition of letting agencies to expand their branch network and continue to develop their sales service.
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