Longstanding Leeds based property company Adair Paxton has acquired boutique estate agency firm, Hudson Moody Wass.

Founded in 2001, Hudson Moody Wass manages rentals portfolio on behalf of more than 200 landlords, as well as offering a residential sales service.

Both its sales and lettings divisions, as well as several members of its team, will now merge with Adair Paxton.

It’s the third acquisition in 10 years for Adair Paxton, which already employs a 30-strong team, offering residential and commercial property services across offices in Leeds city centre, Horsforth and Adel.

It’s also the second merger in Leeds in recent days – last week we reported that Linley & Simpson had acquired Morgans North Leeds Rentals has taken the number of branches in the Linley & Simpson network across West and North Yorkshire to 18.

Guy Roberts, director at Adair Paxton, says of the latest deal: “Hudson Moody Wass has established a substantial residential rentals portfolio, worth more than £50m, in Leeds city centre, where tenant demand is currently soaring. Plus, after years of under-supply, work is now underway on several new, high-profile apartment developments that will help shape the future of the city centre’s residential property market and encourage even more investors and tenants into Leeds.”