Six acquisitions in one year for fast-growing lettings agency

16 December 2020 | Renting

Six acquisitions in one year for fast-growing lettings agency

Fast-growing regional agency Linley & Simpson has taken over the rental portfolios of two more independent firms.

The deal has transferred 750 homes in total from Sheffield-based Lewis Wadsworth and Sheffield Residential.

As a result, its own letting portfolio across Yorkshire and the Humber has grown to more than 11,000 properties.

These are the fifth and sixth businesses purchased by Leeds-headquartered Linley & Simpson amid the COVID-19 pandemic.

Chief executive Will Linley says: “Sheffield is an international city very much on an upward curve. It is brimming with rental potential, and we are excited to open our doors there for the first time.

“We already have a strong network across other key Northern Powerhouse districts such as Leeds, York and Hull, so launching in a city the size of Sheffield represents a natural step. It’s a perfect geographical fit.”

Other acquisitions struck recently have seen Linley & Simpson launch in Hull, Beverley, Holmfirth, near Huddersfield, and Bingley, near Bradford, as well as strengthening coverage across Leeds.

It now employs a team of 260 people.

These latest acquisitions – completed for undisclosed sums – are the 16th and 17th to take place since Linley & Simpson secured the backing of LDC, private equity investor, in June 2018.

This post has originally been featured in Letting Agent Today.