Estate agency expands Yorkshire property portfolio to 6,300 following latest acquisition
An independent estate agency has completed the acquisition of a rival firm.
Linley & Simpson, which has a growing network of 11 offices across North and West Yorkshire, has bought the Angus Roberts letting agency in Ilkley for an undisclosed sum.
The deal will see Angus Roberts’ letting portfolio of 240 homes transfer to Linley & Simpson’s town centre branch in Brook Street.
This injection of additional properties propels Linley & Simpson’s total portfolio of homes under its management in Yorkshire to around 6,300.
The owner and managing director of Angus Roberts, David Waterhouse, will also join Linley & Simpson’s senior team as part of the deal.
The agency’s growth strategy is being accelerated with the help of £10m investment secured earlier this summer by the Leeds team of LDC, the private equity arm of Lloyds Banking Group.
Will Linley, chief executive of Linley & Simpson, said: “Ilkley commands ever-growing appeal as a place to live and we are delighted to cement our position in the town with our acquisition of a dedicated letting agency of the calibre of Angus Roberts.
“Angus Roberts has been a well-known and respected name on the Ilkley High Street for more than a decade and we are thrilled it has chosen to become part of our journey of growth.”
He added: “David brings a wealth of expertise to our team and adds an extra dimension in key areas of the business. He will play a key role in improving the quality of our services across all our branches.
“His market insight and special interest in the buy-to-let market will also support our landlords in ensuring their investment portfolios continue to meet their needs.”
This latest deal marks the seventh acquisition completed by Linley & Simpson this year, and 33 since it first opened in 1997.
In addition to Ilkley, the agency’s network of branches has now expanded to include Leeds city centre, Horsforth, Roundhay, Chapel Allerton, Harrogate, Ripon, Wetherby, Saltaire, Wakefield and York.