Six-figure deal buys area’s largest independent agency

5 May 2021 | Renting

Six-figure deal buys area’s largest independent agency

A lettings company has paid an undisclosed sum – described only as “a six figure deal” – to acquire a large regional independent.

Bowman Rebecchi Letting has snapped up Castle Estates, the largest independent residential lettings agency in Inverclyde.

Twenty-year-old Castle Estates manages a stock of nearly 350 properties across Glasgow, Renfrewshire, Ayrshire and Inverclyde. Its four staff will transfer across. highly experienced staff will transfer across from Castle Estates to Bowman Rebecchi’s new offices in Gourock’s Kempock Street.

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Riccardo Giovanacci, director or Bowman Rebecchi, says: “Castle Estates has a successful track record across the west coast of Scotland and delivers a significantly greater reach to our residential letting arm.

“There is a high demand for rental properties throughout towns and villages across the central and west of Scotland, and we look forward to meeting our new landlords to support their investment aims.”

Bowman Rebecchi now manages some 1,100 commercial and residential properties and says it looks forward to a long period of growth.

This post has originally been featured in Letting Agent Today.