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TODAY'S OTHER NEWS

Independent agents’ portfolios bought by high-spending franchise firm

Martin & Co has completed major acquisitions from local independents in three areas. 

Martin & Co Falmouth completed its fifth acquisition in just 18 months and boosted its portfolio by 36 per cent after completing a deal with The Mather Partnership. Three staff from Mather have also transferred to Martin & Co.

This brings the managed portfolio of the franchise giant’s Falmouth office to over 800 properties. 

Martin & Co Solihull, meanwhile, has taken its fourth acquisition - a raft of properties from Hallway Letting Agent with one member of staff transferring as part of the deal.

Finally, Martin & Co Rotherham has grown its portfolio by almost 60 per cent after acquiring Beechfield Properties in the South Yorkshire town.

Gareth Samples - chief executive of Martin & Co’s parent company, The Property Franchise Group - says: “Seeing our Rotherham, Solihull and Falmouth branches grow their businesses during these difficult times is extremely pleasing.

“There are opportunities out there despite the ongoing pandemic and we’ve set our sights on maximising those opportunities. We’re not letting up in our pursuit of meaningful acquisitions and not only do we have several others in the pipeline heading towards completion, we’re looking for more. 

“So, I would urge any businesses looking to sell to get in touch, because we have the mechanisms in place to complete on these deals quickly and efficiently.”

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