Estate agency completes double acquisition of rival Yorkshire businesses

Estate agency Linley & Simpson has completed the acquisition of two rivals businesses.

Linley & Simpson, which has a network of 11 branches across North and West Yorkshire, has taken over the entire portfolios of Minster Property in York city centre as well as the East Leeds specialists Heritage, based at Crossgates.

The deals, both of which were completed for an undisclosed sum, will see all properties merge into existing Linley & Simpson offices.

Since securing a £1.8m funding package last year through Santander’s Breakthrough Programme, Linley & Simpson has completed six acquisitions.

Will Linley, director, said: “Both Minster and Heritage are long-established independent agencies like ourselves, and are well-known names and respected brands in the heart of their own communities.

“We are delighted to acquire the property portfolios of both businesses – they form a natural progression for us, and our investment represents a further signal of our future confidence in the Yorkshire market.

“These extra homes we inherit will help us keep pace with an ever-increasing demand for properties to both rent and buy and inject more choice into the marketplace for tenants and buyers alike.”

The properties formerly managed by Minster, a letting agent based on Walmgate, will transfer to Linley & Simpson’s branch at Micklegate.

While those in the portfolio of Heritage, which operated both a sales and letting service, will be shared among Linley & Simpson’s four offices in Leeds as well as its branch in Wakefield.

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