A Bristol estate agent has hit the acquisition trail, snapping up a local independent.
Bristol Property Centre Estate Agents, which is situated in the Redland area of the city, has acquired Temple Homes Property in nearby Montpelier in a deal that will almost double the size of its managed property portfolio.
The combined business will now manage around 350 properties. Bristol Property Centre will also take on Temple Homes’ four employees, bringing the total size of its team to 11.
It is the first acquisition by Bristol Property Centre, which was founded in 2011 by Ashley Day who was then aged just 21, and initially working from his kitchen table. Day – now 33 – is planning further acquisition opportunities within the Bristol area to help build the profile of the business in the city.
Temple Homes was founded in 2014 by Stephen Mueller, who will now exit the company to pursue other business interests.
Ashley Day says: ‘’We are thrilled to have acquired Temple Homes which is an established business with the same core values and principles as our own. We are integrating all the staff into the Bristol Property Centre family and will continue to provide a top notch service to Bristol landlords and tenants.
“This acquisition, along with strong organic growth, means Bristol Property Centre is now managing over 350 properties across Bristol and we are actively seeking further opportunities.’’
And Temple Homes’ outgoing managing director Stephen Mueller adds: ‘’I opened Temple Homes nine years ago with a dream of building a company that put showing care and respect to both its tenants and landlords, as its highest priority. I am truly pleased that we achieved this and that the company is now being sold to an independent firm that shares our core values.
“I would like to thank all of our landlords, and tenants along with all of the amazing staff and contractors who have worked with and for the company since it’s beginnings in 2014, there is no way the company would have been able to achieve what it has without you all’’
