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TODAY'S OTHER NEWS

Yet another independent snapped up as consolidation continues

[Letting Agent Today was ‘off air’ for some of Wednesday and most of Thursday thanks to technical problems - we apologise to readers but we’re delighted to be back in action now…]

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Consolidation in the lettings sector continues apace with another independent agency being snapped up in Oxfordshire.

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The Scott Fraser agency has acquired Abbey Rentals, with all properties and staff transferring to the buyer’s Witney office.

The Abbey Rentals purchase is the first of a number of strategic acquisitions planned for Scott Fraser, which already has sales and lettings offices in Headington, East Oxford, Summertown and Witney, with a separate head office in Oxford comprising property management, refurbishment, and buy to let services.

A company statement says the management team is looking for other local Oxfordshire firms to acquire. 

Meanwhile Christopher Dodds, director of Abbey Rentals - a family run business operating since 2003 - says: “In our exit plan we needed to find a company that held the same high service values as we have aspired to, and one that could cope with the rapidly changing industry.”

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