A branch of Whitegates, part of The Property Franchise Group, has purchased an independent local operation to increase its managed property portfolio by 30 per cent.
Camran Ishaq purchased Whitegates Dewsbury in a resale in February 2018, taking on 280 managed properties in the area; now he has acquired independent Wilman & Son, transferring 87 properties.
“This acquisition provides us with a firm foothold in the lettings market within our area. We are the only lettings agent managing everything in-house, from reporting repair issues to sending out contractors and this acquisition enables us to add further investors and landlords to our books” claims Ishaq.
Kate Toland, managing director of Xperience and Whitegates at The Property Franchise Group, says: “Whitegates is continuing its strategy of independent acquisitions at pace and any agencies thinking of selling their portfolios should speak to us as we have the processes and funding mechanisms in place to complete these deals quickly and professionally.”