PropTech platform Dwelly continues its strategy of snapping up small independent agencies by acquiring Number 1 Letting in Pontefract, West Yorkshire. 

This is the fifth acquisition this year by Dwelly and adds 850 fully managed properties to its portfolio.

Number 1 Letting launched in 2008. Its managing director Tracey Brown will remain with the business, while outing director Paul Singleton comments: “We’re incredibly proud of what we’ve built at Number 1 Letting and believe this acquisition by Dwelly offers the best possible future for our clients and team. Dwelly’s values align perfectly with our own and whilst I’m naturally sad to be stepping back from the business, I know that with Tracey continuing at the helm, the business is set to reach even greater heights.”

In recent statements Dwelly has claimed that it will surpass 10,000 units under management by the end of 2025 – although it does not repeat that target in its publicity for the latest acquisition.

A Dwelly spokesperson comments: “The acquisition of Number 1 Letting is a fantastic addition to our portfolio and one that will allow us to considerably strengthen our foothold in the North. We’re especially pleased that Tracey is staying on to help drive the business forward and her knowledge of the local market and commitment to her clients will be invaluable as we ensure a smooth transition, whilst maintaining the high standards Number 1 Letting is renowned for.”