Yorkshire estate agent acquires Sheffield competitor for undisclosed sum

A Yorkshire estate agent has completed its acquisition of a Sheffield competitor for an undisclosed sum.

Redbrik is expanding after completing the purchase of Preston Baker Sheffield, taking over the management of both their lettings portfolio and currently available sales stock in Sheffield.

Preston Baker will be retaining its operations in North and West Yorkshire, and will work collaboratively with Redbrik to transfer the Sheffield branch.

Mark Ross, managing director of Redbrik, commented: “Preston Baker is a business we have always admired.

“They operate a fantastic estate agency, and we are delighted that they came, exclusively, to Redbrik when looking to sell their Sheffield business.”

“We completed the deal in just a few weeks, which is a testament to the hard work and goodwill on both sides.

“The agreement ensures both parties will work collaboratively to ensure the handover runs smoothly for clients and the two businesses.

“It’s great that such a good deal, with positive outcomes for all parties, can arise from this challenging period.”

Ian Preston, managing director of Preston Baker, said: “Preston Baker is focusing on operations in our core locations of North and West Yorkshire.

“It was essential when selling our Sheffield business that we wanted to find a company that shared our customer-centric philosophy to look after our clients.

“Redbrik has that same outlook, and we are confident their fantastic service and marketing will ensure they’re in good hands.”