‘Sky’s the limit’ after lettings agency deal

A Teesside-based property business is expanding with the acquisition of an established lettings agency.

Redcar entrepreneur Jordan Ward, 29, has taken over Lettings Express in Eston, a business built over 17 years by Andy Hutt. 

The takeover comes just 18 months after Jordan launched Proinvestment Properties, which has already turned over £3.2 million and grown to a team of 28.

Jordan says the move secures jobs for the existing Lettings Express team and marks the next step in the young entrepreneur’s rapid rise within the region’s property sector. 

He adds that his “next goal” is to manage 1000 properties and expand his team to 50 people.

Jordan, whose business focuses on sourcing and renovating run-down homes to create profitable rental properties across Teesside, said: “We pride ourselves on buying, renovating and selling houses quickly and efficiently at the right price for everyone involved, and when the opportunity came up to acquire Lettings Express, we felt this would be the right fit to develop the rental side of the company.

“We have achieved a great deal over 18 months in business, but we are not standing still – we are looking to grow significantly and we are always looking to achieve the next goal at the same time as continuing to provide the highest quality service to clients.

Jordan added: “With all the projects we have ongoing, we are looking to create more jobs to support the growth of the business.

“It has been really great to see how the business has taken off, and we have our new Middlesbrough office at Boho 4, which is fantastic.”

Jessica Marshall, operations director at Proinvestment Properties, added: “I’ve been on the journey with Jordan from the beginning.

“He always finds a way to achieve what he sets out to achieve, and the sky is the limit with Jordan at the helm of Proinvestment.”

Meanwhile, outgoing owner Andy will support the transition before stepping back to pursue other business interests.

He added: “It has been our family business that we have taken as far as we wanted, and now I am ready to enjoy a slower pace of life.

“The time was right to see another company progressing the business.

“The business needed a new lease of life and I’m confident Jordan, who shares our values, will take the business to another level.”

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