Northwood, one of the Belvoir Group brand agencies, has acquired independent agency Daisy Lets in Forest Hill.
“Daisy Lets is a great fit with my existing business, because it is an independently run agency, which had been locally owned and built up from the ground to establish a very strong brand. It now has an excellent reputation as a respectable award-winning business” says local Northwood branch manager Stuart Williams.
“This acquisition has added approximately 200 managed properties to my portfolio, with a similar number of tenant finds. We are retaining the existing team of staff at Daisy Lets and for now the name of this well-established business will remain unchanged and clients will not notice any changes in how their properties are managed” he says.
To date in 2019 Belvoir has already acquired over £2.5m of turnover and acquisitions in progress amount to further acquired turnover of over £1.8m.
Speaking of this latest acquisition, Northwood MD Phil Gee says: “Stuart has been a Northwood franchisee for the past nine years and prior to that was a professional landlord. He is one of our best operators in terms of the fact that he is very focused and driven. Stuart already runs an office in Bromley, and another in West Norwood - Daisy Lets makes a great addition to his portfolio.”