An independent Yorkshire letting agency has broken new ground by extending into Humberside for the first time, after striking a major acquisition deal.
Linley & Simpson, which operates 17 branches across West and North Yorkshire, is launching an office in Hull following its purchase of the lettings arm of Beercocks, a long-established family-run agency.
The deal has transferred almost 500 properties into Linley & Simpson’s own rental portfolio, which now stands at 8,700 homes.
The Beercocks network of nine offices will now focus exclusively on developing its award-winning residential sales specialism.
“While Linley & Simpson may be a new name for Hull and its surrounding communities, our pedigree in residential lettings spans more than 22 years” saYs chief executive and co-founder, Will Linley.
“We have a passion for property and a commitment to customer care, and look forward to bringing our expertise to Hull for the benefit of new and existing clients. To have acquired the lettings arm of a market-leading agency of Beercocks’ calibre provides us with the best possible launchpad on which to build.”
He continues: “Already, we are eyeing further acquisition opportunities in the area. That underlines the confidence we have in investing in its future, and consolidating and widening our presence across the district.”
Beercocks’ origins date to the turn of the millennium when it launched as Beercock, Wiles & Wick. Its current managing director, Bob Beercock, says the agency would now concentrate its skills on residential sales across its heartland of Hull, Beverley, the East Riding of Yorkshire and North Lincolnshire.
Founded by Will Linley and Nick Simpson in 1997 with just two branches and a handful of staff, the Yorkshire duo’s company now employs a team of 260 people and last month was crowned Best Large Agency in the Yorkshire Residential Property Awards.