Connells acquires independent estate agency network
08 November 2011
Connells estate agency is delighted to announce the acquisition of Burchell Edwards, an independent network of 16 estate agency branches in the Midlands.
The transaction, which includes both Burchell Edwards and Ashley Adams branches, will see Connells increase its network to 487 offices and take ownership of Burchell Edwards’ conveyancing firm Be Legal.
The Burchell Edwards network provides residential sales, lettings, conveyancing and mortgage advice across Derbyshire, Staffordshire, Birmingham, Nottinghamshire and Leicestershire. Connells investment into this estate agency business will support its continued expansion including a number of branch openings in 2011 and a recruitment drive which has increased the number of its mortgage consultants by 50 per cent.
“This acquisition of an already successful and profitable independent estate agency will reinforce Connells’ strength in the Midlands housing market,” says Connells Chief Executive Stuart Flavell. “Burchell Edwards will retain its existing trading names but benefit from Connells’ award-winning mortgage provision and support systems.
“We started 2011 with plans to build the Connells network and make strategic acquisitions to grow the business,” says Stuart. “Today’s investment into Burchell Edwards estate agency marks the latest effort to boost Connells coverage and success in the residential market, both across the Midlands and nationwide.
“We are also keen to expand further and are seeking future acquisitions of estate agency and lettings businesses,” Stuart continues. “If anyone is currently in these markets and looking to sell, I would urge them to get in touch as soon as possible.”
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Notes to editors
About the Connells Group:
Founded in 1936 and comprising 487 branches nationwide, the industry-leading Connells Group is the most profitable UK estate agency network. In addition to operating under the Connells brand, the Group trades under other well-known local names including Allen & Harris, Bagshaws Residential, Barnard Marcus, Brown & Merry, Fox & Sons, Jones & Chapman, Manners & Harrison, Roger Platt, Shipways, Swetenhams, William H Brown, Sharman Quinney, Pattison Lane, Burchell Edwards and Ashley Adams. As well as residential property sales and lettings, the Group has a comprehensive range of B2C and B2B services including new homes, mortgage services, conveyancing, EPCs, surveying, corporate lettings, asset management, land & planning, LPA receivers, auctions and relocations. The Connells Group is consistently named Best Large Estate Agency at the Estate Agency of the Year awards, winning the top prize for five of the past seven years. It is also highly acclaimed in the New Homes category, winning Gold five times in the last seven years, and in the Financial Services category for which it currently holds the Gold prize for the second consecutive year. For more information, please visit www.connells.co.uk