Linley and Simpson acquires Property Hub Lets

Yorkshire-based estate agency, Linley and Simpson, has bought the multi-regional agent, Property Hub Lets, which specialises in the rental and management of properties owned by portfolio investors. As part of the acquisition, it is reported that over 700 properties across Leeds, Manchester, Liverpool, and Birmingham will transfer to Linley and Simpson and the Lomond Group, in addition to multiple staff members. In addition, the properties will no longer be managed online and will instead be integrated within Linley and Simpson’s existing High Street branches across Yorkshire, while the properties in Manchester and the Midlands will become part of Thornley Groves and John Shepherd respectively, two other Lomond Group brands. Property Hub Lets is part of the London-headquartered Property Hub, founded by Rob Bence and Rob Dix, which has an online community of more than 60,000 property investors. This deal will see the duo and their team of more than 50 people “focus on their core business” of helping more people change their lives through property investment. Will Linley, co-founder of Linley and Simpson and managing director of the Lomond Group, said: “This is the first time we have acquired an agency that operated exclusively online, and are thrilled with the high-quality portfolio we have inherited. “It represents a perfect synergy for us as we already have a strong presence across the majority of major cities that Property Hub Lets covers. We now look forward to transferring all these properties smoothly and speedily into a number of our local branches.” He added: “This deal is our first multi-regional one in England – and a model we are looking to mirror in future acquisitions. It underlines the unique proposition of Linley and Simpson and the Lomond Group, and the strength of our network of regional brands. The deal also extends our portfolio reach into Liverpool for the first time.” Rob Bence, CEO of Property Hub, said: “When we started Property Hub Lets in 2014, we had the vision of creating the letting agency that we wanted as investors ourselves. It’s been an incredible journey with lots of ups and downs and plenty of learnings along the way. We now believe that the best way to fully realise that vision is for Property Hub Lets to become part of Lomond Group. “The Property Hub Lets team will immediately benefit from Lomond Group’s established infrastructure and greater resources, and we’re confident that our clients will immediately experience an enhanced level of service.” He added: “We will partner closely with Lomond Group to ensure that our Property Hub Invest clients continue to benefit from a seamless experience from purchase through to property management.”

Linley and Simpson acquires Property Hub Lets

Property Hub Lets is part of the London-headquartered Property Hub, founded by Rob Bence and Rob Dix, which has an online community of more than 60,000 property investors

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