Property news: Expansion for independent estate agency

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LEEDS-based Linley & Simpson has accelerated its expansion programme with the acquisition of a well-known Yorkshire letting agency.

The residential sales and letting specialists, which has a network of 11 interlinked offices across West and North Yorkshire, has taken over the entire rental portfolio of fellow independent agency, the York Property Company.

The deal – completed for an undisclosed sum – will see all the properties formerly managed by the York Property Company’s office in Stonegate, York, merge into Linley & Simpson’s branch in Micklegate, which has just posted a record year and undergone a major refurbishment.

Director of the Street Lane, Roundhay-based company, Nick Simpson, said: “These extra homes will help us keep pace with an ever-increasing demand for rental properties in both York and the surrounding communities – a trend that is poised to continue throughout the rest of this year and beyond.

“Not only will it enable us to give greater choice to tenants, it will also offer landlords that are new to us the opportunity to access our growing database of people actively searching for a new home to rent.. This acquisition is a natural progression for us and is a fitting way of marking 10 successful years of helping people move in York.

The York Property Company was established in 2004. Its current owners, Martin and Pauline Cooper, are retiring. The other existing member of staff, Lynne Rhodes, will transfer to Linley & Simpson, bringing her skills – particularly in student rentals – with her. The acquisition is the fifth since Linley & Simpson secured a £1.8m funding package last year through Santander’s Breakthrough Programme.