Belvoir Lettings has acquired four lettings agencies based in England's Basingstoke and Andover.
The UK letting company purchased Claygold, which trades as Redwoods from one branch in Andover and three in Basingstoke.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Shares of Claygold were acquired for £1.5m and net assets within the companies are not expected to exceed £0.1m.
"We are delighted to be announcing the acquisition of these four agencies, which have substantially increased our network turnover and addressable market," said Chief Executive Officer, Dorian Gonsalves.
"The transaction opens up opportunities in South England and the home counties, a key strategic territory in our growth plans and is a major step in our acquisition plan."
RD
-
73% of savers plan to rely on partner’s pension in retirementA new survey suggests the majority of people may lack financial independence in retirement, with almost three-quarters set to rely on their partner’s pension
-
How much you need to follow the 25x retirement rule – will you have enough to be financially independent?We explain what the 25x retirement rule is and the amount you would need to be financially independent in retirement.
