Hunters Property PLC aquires Besley Hill
Hunters Property PLC today announces the acquisition of the franchising business and related assets of Besley hill Franchising Limited.
Hunters Property Plc is one of the UK’s largest national sales and lettings agency and franchise businesses, Besley Hill is one of the leading Estate Agents in Bristol and Gloucestershire operateing from 15 offices across four counties in the South West of England. All the branches of Besley Hill will become part of the Hunters’ network through their franchise agreements.
Glynis Frew, Chief Executive of Hunters, said: “We are delighted that Besley Hill has agreed to join our network which will strengthen our reach in the Bristol and surrounding areas and help us to grow and develop in and across the South West of the United Kingdom. We are pleased to have secured the ongoing commitment of management who have in turn signed up under new franchise agreements with us with their three branches.
“The deal will be earnings enhancing in the first full year following completion of the acquisition and we look forward to working with the Besley Hill network to grow these branches as well as geographically in and around that area as part of our strategy in becoming the nation’s favourite estate agent“.
Read the Regulatory News Announcement released today in full click here.