Darlington letting agency continues Yorkshire expansion with investment partnership
A specialist letting agency in the North East is set to expand its footprint across the Yorkshire region.
My Property Box has partnered with a local investment firm to facilitate its growth across North and West Yorkshire.
The lettings specialist has teamed up with private equity firm Winch & Co to fund its expansion in the Leeds area.
In addition, the Darlington-headquartered company is currently in negotiations over the acquisition of a North Yorkshire agency.
Managing director Ben Quaintrell said: “Since founding the business in 2012, My Property Box has expanded rapidly from its original Tees Valley heartland.
“Last year we acquired two letting agents in Thornaby and Darlington and, as a result, we currently manage more than 1,000 homes valued at a total of £50 million.
“We are an innovative company with an ambitious growth strategy and that includes establishing a presence in Leeds, which has a vibrant rental market and is one of the best areas in the UK for property investment.
“I’m seeking to acquire a lettings business in Leeds with the help and support of Winch & Co, which has extensive local expertise as well as acquisition experience.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our daily bulletin, sent to your inbox, for free.
Business success starts with people investment
It's time to confront the digital poverty crisis
Why a business exit is no longer all or nothing
Culture is the foundation for sustainable growth
Business must help young people take root in work
Purposeful procurement for long-term growth
Time to rethink outdated views on apprenticeships
The scale-ups rocketing through our fast world
Care about the experience, not just the outcome
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis