A Force in Property widens it’s reach – Connells eats ups Countrywide

January 1, 2021

Take overs happen frequently across the business world from those simply prime for buy outs having impressed seniors above them to those finding themselves sinking and optimum for cash offers… The property industry is very much alive and kicking in this area with many such take overs and mergers in recent years.

One big example to report on is Connells purchase of Countrywide. Both giants in the industry and household names – High streets across the country would see these brand names in eye view and Yahoo Finance can now report on this major happening in UK property news headlines: “Troubled estate agency Countrywide has agreed to a takeover by rival Connells in a deal valuing the group at more than £134 million.”

A fair price has now been agreed following previous failed offers including £3.25 offered in early December and an initial £2.50 share approach previously – £3.95 is the now agreed take over magical number.

EAN Breaking News

Breaking News from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Letting Agent Talk

29 is the age house sharing becomes ‘embarrassing’

but 11% still do it, according to new Nationwide research That equates to 27 million admitting they have felt embarrassed about their living situation With 69% saying living alone is unaffordable, it’s no surprise the average age of those in house shares is 35 From moving home (12%) to living with an ex (10%), as…
Read More →
Estate Agent Talk

1 in 5 London Homes Listed in Last 30 Days

The latest research from London lettings and estate agent, Benham and Reeves, reveals that one in five homes currently for sale in London have been added to the market within the last 30 days, as sellers respond to strong buyer demand. Demand for London homes is strong Benham and Reeves has analysed current residential property…
Read More →
Commercial Agent Talk

Biggest block management headaches revealed

The latest insight from property management specialist, Rushbrook & Rathbone, has found that utilities, cleaning and gardening are the most common block management requirements, accounting for almost two thirds of all call-outs and maintenance tasks carried out in 2025. Rushbrook & Rathbone’s internal data shines a light on what most frequently drives costs when it…
Read More →
Home and Living

Invasive plants could be damaging your property

What every homeowner needs to know. Invasive plants growing in your garden could be causing serious and costly damage to your property without your realising. Some species can undermine foundations, cracking patios and driveways, and spreading rapidly beyond your boundaries, potentially leading to disputes with neighbours. The financial impact can be significant. Left untreated, these…
Read More →
Rightmove logo
Breaking News

Rents stand still at start of the year for the first time since 2017

The average advertised rent of homes outside of London remains flat (0.0%) at £1,370 per calendar month, the first time since 2017 that there has been no rise from Q4 to Q1: Average advertised rents in London rose by 0.7% this quarter to £2,736pcm Average rents outside of London are still 1.6% higher than this time last year, though this is the lowest this figure has been since 2018…
Read More →
Breaking News

London estate agents represent best value added

The latest research from AgentWise, the agent community helping to support estate agents through global collaboration and market insight, has found that London estate agents represent the best value added during the transaction process when compared to many other global property hotspots, with the average commission earned per property sitting well below other major global…
Read More →