Independently owned lettings and estate agency Yates Hellier has snapped up Glasgow-based CIB Residential following the retirement of its founder, Ronnie Carpenter.

Yates Hellier launched what it calls its flagship sales branch in Glasgow a year ago and says this new acquisition underscores the company’s long-term commitment to Glasgow’s West End.

The acquisition brings with it the CIB Residential portfolio of 250 managed properties. 

Carpenter says: “It was important to me to pass the business on to a company that genuinely cares. Yates Hellier was the natural choice. I knew their reputation for service, professionalism, and attention to detail. I have full confidence that in Jack, Ross and their accomplished team, the landlords and tenants I’ve looked after for years will continue to receive excellent service.”

The acquisition brings Yates Hellier’s total managed portfolio to over 600 properties and managing director Jack Hellier says: “This acquisition made perfect sense for us. Our business is built around providing a hands-on, premium service. When the opportunity arose to acquire CIB, whose portfolio is located within our core operating area, I could see it was the perfect fit.”

“Having a tightly managed portfolio in a defined area allows our team to be present on-site whenever we are needed, providing a level of service and responsiveness that sets us apart. It has been a pleasure working with Ronnie on the transaction, and I wish him all the best in his retirement.”