Leeds property news: Linley & Simpson acquires rental rival

editorial image
Have your say

LEADING residential sales and letting agency Linley & Simpson, which has a network of 10 offices across West and North Yorkshire, has taken over the rental portfolio of Headingley-based Leeds Lets, who managed properties across the city.

The acquisition is the first since the independent agency secured a £1.8m funding package as part of a new link-up with Santander’s Breakthrough Programme to help accelerate its strategy for future growth.

The deal will see the former Leeds Lets portfolio merge into Linley & Simpson’s established offices in Horsforth, Roundhay and Swinegate in the city centre.

Founding director Will Linley said: “This year – our 18th – will be marked by a planned programme of growth to strengthen our position as one of Yorkshire’s leading sales and letting specialists. The acquisition of Leeds Lets is a natural progression for us. Its portfolio of properties form a natural ‘fit’ for our three branches. We remain on the lookout for more acquisitions in 2015 as we explore ways of consolidating our position at the forefront of best practice, customer service and innovation in a thriving sales and letting market.”

Linley & Simpson plans to use the new funding to double the size of its business over the next three years through the acquisition of letting agencies to expand their branch network and continue to develop their sales service. The announcement of this new funding package caps another successful year for the business in which it has been honoured by The Sunday Times Lettings and Estate Agency of the Year Awards for the fourth year.