Belvoir reports that it exceeded its 2017 target for portfolio acquisitions by its franchisees

January 3, 2018

Belvoir lettings plc the UK’s largest property franchise, reports that it  exceeded its 2017 target for portfolio acquisitions by its franchisees (‘Assisted Acquisitions’), a core part of Belvoir’s growth strategy.

Dorian Gonsalves, CEO of Belvoir, commented;

“The Assisted Acquisitions programme has proved to be very popular within the recently acquired Newton Fallowell and Northwood networks.  Of the deals completed in 2017, over two-thirds were undertaken by these networks, who had not previously benefitted from the expertise and financial support that has been available to the Belvoir network for several years.

In addition to exceeding our target completions for 2017, we ended the year with a very robust pipeline of deals currently with lawyers which we would expect to complete in the first quarter of 2018.  The appetite for securing portfolio acquisitions reflects the entrepreneurial spirit of our franchisees who are adapting to changes within the sector and seeing opportunity for growth as the sector consolidates.”

Read the Belvoir Assisted Acquisitions Update announcement 3rd January 2018 in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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