Spicerhaart has unveiled a £30m investment programme for its lettings business.

The business proposes to more than double the number of properties let over the next five years and says it will appoint some 130 ‘Partners’ – home-based letting agents – over the next three years.

Spicerhaart says these home-based agents will be “fully employed by the company and supported by a larger property centre and branch network.”

Managing director Satwant Basi says: “These are incredibly exciting times for Spicerhaart Lettings as we realise our ambition to be the number one lettings agent in the UK. 

“I’m really thrilled about the future plans of the business and am intent on making us the best lettings business in the country.

“As well as investing substantially in our teams and our IT systems, we will also be focusing on our property management services and appointing new leaders to help further develop our business. We want to be the employer of choice.”

Two other senior managers are also quoted in the launch statement. 

Anthony Lark, group managing director for lettings, adds: “We have moved into an incredibly exciting phase of the Spicerhaart Lettings journey. I am delighted that Sat will be leading the business through this. He has been central to all that has been achieved so far and his energy and ambition are magnetic. I am extremely excited about the plans we have now made with the senior lettings team.”

And company chief executive Paul Smith claims: “One of the best parts of any CEO’s job is to promote from within and seeing Sat’s performance and loyalty pay off makes my role so enjoyable. He will lead us into our new five year growth plan whereby this business will be worth a quarter of a billion pounds in its own right by the end.”