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

Estate Agency Review Websites 2022
Estate Agent TalkSoftware & Tech

Where to find Estate Agency Reviews online

Other than word of mouth, what ways are there for consumers to read up on reviews about their local estate agents? When we are choosing which of the main high street estate agents we are going to use for selling our property, past experiences from their clients can help us to decide which one deserves…
Read More →
Love or Hate Rightmove
Breaking News

Fourth new record puts prices £55,000 higher than pre-pandemic

Price of property coming to market hits a fourth consecutive record of £367,501, up by 2.1% monthly (+£7,400): Average asking prices have risen more than £55,000 in the past two years, compared to a £6,000 rise in the two years before the pandemic Activity levels remain strong and still significantly higher than pre-pandemic, though there are signs that the frenetic market…
Read More →
Breaking News

WEEKLY NEWS ROUNDUP – 20/05/2022

A roundup of the week’s top property and proptech news stories in partnership with Proptech-X   Table of ContentsHide nurtur.group continues to strengthen its leadership team PRESS RELEASE: BriefYourMarket partnerships take lead generation to next level MyIdentity selects Armalytix to create a proof-of-wealth solution for the property market Is Rishi Sunak to blame for the overheated…
Read More →
can you live in a haunted house
Home and Living

Could you live in a Haunted House?

I’m sure that most of us, at one time or another, have had the feeling that we are not alone at home!  Maybe you are someone, like myself, that those little noises at night causes you to pull the bed covers over your head. You’ve spent the evening watching that ghostly horror movie, your senses…
Read More →
Love or Hate Rightmove
Breaking News

Property prices double around Elizabeth Line stations

Rightmove’s new Elizabeth Line study reveals asking prices have more than doubled over the past decade in the local areas around Maryland, Abbey Wood and Stratford stations Despite delays in the line opening, the number of buyers looking to move near the stations has steadily surged: Buyer competition is now more than nine times that…
Read More →
What will property prices do in 2022
Estate Agent TalkIndustry Interviews

Interview: Mark Hayward and his market forecasts

Residential Expert with Mark Hayward – May 2022 With last week’s relatively uneventful Queen’s speech in the rear-view mirror, now’s the time to assess the current state of the property market and predict what might be round the corner. We spoke to former chief executive of Propertymark and Just Move In ambassador, Mark Hayward, who…
Read More →