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Regional agency chain acquires city-based independent firm

A Leicestershire agency chain has acquired a rival Leicester-based independent. 

Whitegates, which has offices in Loughborough, Mountsorrel and central Leicester, has acquired Leicester-based Taylors Property Services.

Whitegates - set up in 2012 and now one of Martin & Co’s brands - now has five additional offices including Leicester, Loughborough, Syston, Sileby and Broughton Astley.

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The Whitegates brand now manages over 600 properties on behalf of landlords and is currently marketing over 300 homes on the sales market. It employs 40 staff and has a turnover of £2m.

“The acquisition of Taylors Property Services provided the ideal opportunity for us to further grow our business. Whilst there may be a slight cooling off in the London property market, the market here in Leicestershire is fairly steady and provides a strong market both in terms of house sales and a growing demand for rental properties” explains a Whitegates spokesman.

The deal will be funded through Barclays.

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