Belvoir is pleased to reveal that Glenn Broadwell, owner of Belvoir Leeds North West, has successfully completed on the acquisition of Lettings @ Victoria Mills, in Shipley, West Yorkshire. The acquisition of 154 managed properties positively doubles the size of the Belvoir Leeds North West portfolio.
“This is a great opportunity and I am thrilled that it has completed, and very grateful to Belvoir and the acquisition team for all of their help and support they offered throughout the process,” said Glenn.
This is the sixth acquisition for Belvoir in 2014 and proves the company’s pledge to expanding its coverage across the UK, and helping franchise owners to expand their businesses.
“This is a unique acquisition of a bespoke agency that manages 154 apartments at Victoria Mill which is a development of just over 400 apartments on a five-acre site on the buffer zone of the World Heritage Site of Saltaire. A percentage of these apartments were bought as property investments and in recent years I have been closely involved with tenant referrals and the management of these apartments. When the owner of Lettings @ Victoria decided to sell she approached me and, with the help of Belvoir, the acquisition completed on 1st December.
“This acquisition has essentially doubled the size of my business overnight. We will be keeping the on-site office at Victoria Mills for the ease of landlords and tenants, but the administration side of the business will move to my original office. I am excited to continue providng landlords and tenants at Victoria Mill with the excellent customer service that Belvoir has to offer. I have already employed one new staff member and will perhaps consider further staffing in the New Year.”
Mike Goddard, Chairman and CEO of Belvoir said:“I would like to take this opportunity to applaud Glenn on his acquisition, which will take his business to a whole new level, whilst also boosting brand Belvoir in the North West and nationally.
“We are overjoyed to be able to support the expansion of Glenn’s business through the Group’s acquisitions funding programme.
“Throughout 2014 Belvoir has offered over £2 million worth of loans to support six acquisitions by the network and we are continuing to pursue further growth opportunities across the UK. “
Recent activity within the Belvoir network brings the total number of outlets around the UK to 160.