Yorkshire residential letting agent Linley & Simpson has continued its expansion drive by completing its second acquisition in the space of just six weeks.
Linley & Simpson has taken over Yard Properties for an undisclosed sum as part of a deal aimed at further strengthening its Leeds city centre presence.
Yard, an independent agency founded by Sophie Hepworth almost five years ago, specialised in apartments in Leeds city centre developments.
Now, as part of the acquisition, its portfolio will transfer to Linley & Simpson’s base in Swinegate, one of eight offices it now has across West and North Yorkshire.
The deal comes on the back of a spike in seasonal demand for rental properties which has resulted in Linley & Simpson’s city centre office reporting its busiest month since opening its doors in 2005.
Director Nick Simpson said: “Even though this is traditionally a busy time of year for letting agents, we are witnessing unprecedented demand.
“Our Leeds city centre office is an increasingly important part of our business and it is vital that we keep pace with client demand by growing our property portfolio in a planned and strategic way.
“Our acquisition of Yard is a key part of this process and will help us to maintain our position at the forefront of the Leeds city centre rentals sector
“It will bring an additional dimension to our service – giving tenants a wider choice of property and offering new landlords access to an unrivalled database across our network of Yorkshire offices.”
In August, Linley & Simpson acquired the Leeds portfolio of Mint Move Properties.
Linley & Simpson employs 90 people at offices in York, Harrogate, Wakefield, Ilkley, Wetherby and three in Leeds.
Pictured from left are Will Linley, Sophie Hepworth and Nick Simpson
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