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Leaders show that lettings businesses can still thrive

Tuesday 21 November 2017

ARLA Propertymark Protected agency, Leaders, are a shining example of how lettings businesses can still thrive, despite the challenges the industry faces being bigger now than they've even been.

National estate agents Leaders has once again emphasised its commitment to expansion of the letting side of the business, and for maintaining a strong presence in East Anglia, announcing a fourth acquisition in Norwich.

Leaders have acquired City Lettings, which trades from premises in the city and boasts a sizeable lettings and property management portfolio. City Lettings has been owned and run by Phil Shaul and Sarah Hull since 2004.

It comes after Leaders acquired JSM Property in 2011, Bush Property Management in 2012 and Temples in 2013, all of which have merged to form one of Norwich’s largest and most successful property specialists under the Leaders name.

Still seeing value in the lettings side of the industry. 

Matthew Light, group acquisitions director at the Leaders Romans Group, says: “We are delighted to have acquired City Lettings and to have once again expanded in Norwich, a city that has always been a key market for Leaders.

“It is also pleasing to be able to welcome the City Lettings staff to our team, all of whom will now be based at either our central Norwich or Cringleford branches.

“City Lettings is known across Norwich for its excellent service and ultimate professionalism. We look forward to working with its landlords and tenants and helping them to achieve even greater results from their property with Leaders.

“The Leaders Romans Group remains committed to growth in the coming months and I would encourage any business owners who are considering selling up to get in touch. We have become the industry’s preferred acquirer having completed more than 150 acquisitions and we work with outgoing owners to help them achieve their aims.”

Leaders’ acquisition of City Lettings comes just three weeks after the Leaders Romans Group acquired Penyards Property Management in Winchester and Prescott Hall in Chester.

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If your business is thriving, or you've found innovative ways of overcoming the challenges of increased competition from online only agents and recent legislation, get in contact by emailing: guyparker@propertymark.co.uk