Estate and lettings agency Northwood Newcastle has completed the acquisition of Bowes Mitchell Limited, also based in Newcastle upon Tyne.
In the process Northwood has added 224 rental properties to its lettings portfolio, bringing the total to over 500.
Northwood Newcastle was purchased by Inderpal Dhillon and Aman Singh two and a half years ago.
Phil Gee, managing director of Northwood, said: “This is fantastic news for Inde and Aman, who have been truly outstanding since they first bought the Northwood Newcastle business.
“They are a highly experienced team, with exceptional skills that have really benefitted the business, as Inde is a solicitor, his wife is a surveyor and Aman is an architect.
“Inde and Aman are superb operators, and immensely charismatic franchisees, as well as great ambassadors for the Northwood brand.
“Acquisitions remain a major growth strategy for Northwood, and I am very confident that the acquisition of Bowes Mitchell will be extremely successful, taking this business to an entirely new level. I wish them every success for the future.”
Dhillon said: “It was always a goal of ours to grow the business, and as Northwood is part of the Belvoir Group, which has a fantastic assisted acquisition programme, the entire acquisition process was made easier.
“Gillian Mills, the group acquisition and recruitment manager, was invaluable throughout in terms of helping us to find the right business, advising, assisting and ultimately completing on the deal.”
This post has originally been featured in Property Wire.