Another independent agency has been acquired by franchise giant Martin & Co.
The firm’s Southend franchisee purchased the managed properties of local independent Park Estates, taking the branch’s managed portfolio beyond 650 properties.
Branch owner Tony Lindberg has been with Martin & Co since 2001 having previously been an area manager in retail, looking after 22 shops.
He says: “This is our fifth portfolio purchase and was extremely pleasing as we managed the entire process in under two weeks.
“This purchase means we have the opportunity to introduce Martin & Co to brand new clients.”
Martin & Co Southend was supported by its parent organisation The Property Franchise Group during the acquisition process.
Martin & Co managing director Louise Griffiths says she wants more acquisitions in future.
“Martin & Co is always looking for potential acquisitions, so any independent lettings businesses thinking of selling their portfolios should speak to us as we have the funding and support network to complete on these deals quickly” she comments.