Belvoir to become largest property franchise group in UK

June 8, 2016

Belvoir Lettings plc  announced yesterday  it has entered into a conditional agreement to acquire the entire issued share capital of Northwood GB Limited for a total consideration of up to £22.0 million. 

Northwood is the largest remaining independent property lettings  franchise in the UK, established in 1995 it is a clear strategic fit with the Group, operating 86 outlets nationwide.

It will strengthen the groups lettings bias by adding more than 17,000 managed properties and will increase the Group’s national presence by 86 additional outlets, it will position the Group as the largest property franchise in the UK with more than 54,000 managed properties and a total of 301 outlets.

 On completion Belvoir will be the largest property franchise group in the UK.

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.

You May Also Enjoy

Breaking News

London rent affordability improves

The latest research by London lettings and estate agent, Benham and Reeves, reveals that the average London renter is spending 50% of their income on rent each month. However, the good news is that strong wage growth in the capital means that this proportion has actually reduced since 2024. Bennham and Reeves has analysed average…
Read More →
Rightmove logo
Breaking News

February is the best time to get your home sold

February is the best month to sell a home, based on the likelihood that a seller will be able to successfully find a buyer, new research from Rightmove reveals In a tightly contested piece of analysis based on millions of homes sold over ten years, February came out on top as the best month to…
Read More →
Breaking News

Over 1.2m homes sold across the UK

The latest analysis of Government transaction data by GetAgent.co.uk has revealed that, despite widespread perceptions that 2025 was a difficult year for the property market, more than 1.2m homes sold across the UK, marking a 9.3% increase on the previous year. GetAgent analysed Government data on UK property transactions to estimate how many homes sold…
Read More →
Breaking News

Planning reform alone will not fix the UK’s housing crisis

Propertymark has published a new position paper, Meeting UK house demand, moving beyond the planning system, warning that focusing solely on reforming the planning system will not deliver the number of homes the UK urgently needs. While planning reform is frequently cited as the primary solution to the housing shortage, Propertymark’s analysis shows that changes…
Read More →
Breaking News

One in three mortgage hunting FTBs has at least 25% deposit

While higher loan-to-value (LTV) mortgages dominate first-time buyer demand a significant minority are seeking higher deposit deals, fresh data from Moneyfactscompare.co.uk can reveal. Of those looking for fixed term deals on moneyfactscompare.co.uk: Almost one in three (30%) first-time buyers are opting for 90% LTV mortgages, and a further 12% are looking at 95% LTV options. This…
Read More →
Breaking News

Breaking Property News 3/2/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Premium estate agency unveils ambitious plans to accelerate international expansion Fine & Country, the premium estate agency brand renowned for its distinctive marketing and high-end property expertise, has announced plans to significantly expand its international footprint as part of its long-term growth strategy. Over the past…
Read More →