Year ends with a flurry of sales and acquisitions among independents

The year is ending with a number of deals among high street agents.

In Tunbridge Wells, Kent, family owned agent Alexandre Boye has acquired the 100-strong sales and lettings book of FoxWood Maclean in Edenbridge.

First established in 1877 as Fox & Manwaring, FoxWood Maclean is the oldest firm of estate agents and chartered surveyors covering Edenbridge and the surrounding areas.

The deal means Alexandre Boyes now manages over 2,500 properties.

In Edenbridge, the trading style will now be ‘FoxWood Maclean, part of the Alexandre Boyes Group’. In Wye and Canterbury, FoxWood Maclean will continue to trade as before.

In the north-east, a regional firm has acquired an independent agency to add to its 18 branches. Signature has bought Coast and Castle, which was originally an online agency, for an undisclosed sum.

Owners Colin and Karen Parker have other business interests, but Colin will be acting as consultant to Signature for the next year.

Elsewhere, the Leaders Romans Group has announced its fifth acquisition in six weeks. Its latest purchase is that of South & Co in Crewe.

The lettings, property management and sales business, which manages more than 500 properties across Crewe and the surrounding area, will become part of the Leaders network.

It follows recent acquisitions of Penyards Property Management in Winchester, Prescott Hall in Chester, City Lettings in Norwich, and Bath Property Letting in Bath.

South & Co was owned by Jonathan South and Angela Greenland. All staff are transferring with the sale, which brings the Leaders network to 124 branches.

In Lincoln, Mundys estate agents has acquired rival agency Frankeys.

Frankeys was started by Frances Warriner in April 2009, who now joins Mundys as director of properties.

Meanwhile, long-standing East Anglian firm Maxey Grounds has closed an office.

The firm, an OnTheMarket member, has shut the doors on its branch in Chatteris, saying it will support staff who wish to locate to its other branches in March and Wisbech.

Senior partner John Maxey said: “With an increasing amount of our work focused online, by telephone and through digital communication, all businesses have to respond to changes in the market.

“Our service is about meeting our clients and talking with them face-to-face, and much of this work is completed at the client’s home or property and not in our offices.”

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