Belvoir has acquired another independent sales and lettings agency - this time it’s Onwards and Upwards, a firm in the Morley area of Leeds.
Glenn Broadwell of Belvoir Leeds North West has completed on the deal, which is his third acquisition: the acquisition adds 224 properties to his existing portfolio of fully managed properties.
“Onwards and Upwards is an independent business with large premises, seven staff and an in-house mortgage advisor” explains Broadwell.
“The lettings side of the business is fairly substantial, and the sales side is also quite large. My main aim was to secure a second territory that would enable me to acquire the expertise of established sales staff and build on the estate agency services that are currently offered by my team at Belvoir Leeds North West.
“We are retaining the premises and all of the staff, and Onwards and Upwards will trade under its own brand name for the time being, although we are introducing some Belvoir systems to further improve customer service and dramatically reduce costs.”
Belvoir chief executive Dorian Gonsalves adds: “I’m delighted that Glenn has successfully acquired this new business, which has enabled him to operate in a second territory in Leeds South and expand on the sales side of his businesses. Glenn has been with Belvoir for 11 years and is a very ambitious and driven franchisee, as well as a great asset to the network. I wish him every success for the future.
“Acquisitions continue to be a main focus of growth and development for Belvoir, and our dedicated Acquisitions Team at Central Office is working hard to source and target new opportunities that will help our franchisees to maximise the potential of their businesses.”