Another independent rental agency has been acquired by the Martin & Co brand from The Property Franchise Group.
The owner of the Folkestone branch of Martin & Co has grown his business nearly 20% after making a third independent acquisition.
Dennis Roodhardt of Martin & Co South Kent, has completed the goodwill purchase of over 50 properties from Castles Lettings.
This brings Martin & Co Folkestone’s managed portfolio to just under 400 properties.
Roodhardt said: “I am absolutely delighted to complete this purchase from Castles Lettings, a company which has been a fixture in the Folkestone rental market since 1987.
“Castle’s philosophy was very much in line with ours when it comes to customer service.
“Our aim is to provide their owners with the same high level of service, alongside the brilliant systems we have in place to effectively manage this portfolio of excellent properties.”
Eric Walker, Senior Executive of TPFG, added, “This is a fantastic fit for Dennis and his team and demonstrates The Property Franchise Group’s drive for growth.
“In addition to sales and lettings, Folkestone has a thriving mortgage business and a growing block management department, so this new portfolio will benefit from a comprehensive one-stop shop that few other agents can offer.
“We have many franchisees looking to expand, so if you are considering selling, please contact us.”