Property agency James Douglas has acquired a rental service and launched its own lettings arm in the south Wales city of Newport.
Part of the Seraph Group, James employs 60 people across south Wales with turnover expected to increase to £3m following recent growth, including snapping up the small Gwent Home Rentals com,pany.
All this comes two years after the business bought another agency, Nuttall Parker.
Douglas Haig, managing director of James Douglas, says: "The lettings arm which has launched in Newport this month will be known as James Douglas Lettings.
"We are phasing out the Nuttall Parker name with the sales arm being known as Nuttall Parker | James Douglas in 2024. Next year, we will retire the Nuttall Parker name and be known as James Douglas to align with our branches throughout south Wales."
He adds: "One of our main strategies is growth by acquisition. Since the purchase of Nuttall Parker in 2021 we have developed a strong foothold in the area. The acquisition of Gwent Home Rentals added more rental properties to our portfolio which has allowed us to bring forward our planned introduction of James Douglas Lettings into Newport."
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