Lettings agent lays down deeper roots with takeover

A lettings and property management firm has expanded with a takeover.

Dwelly has bought Move.

The company says its swoop adds a business with “deep local roots and a strong culture” to its stable.

It also adds 1100 fully managed properties across branches in Cheltenham, Gloucester and Worcester.

Under the terms of the deal, Move founder George Tatham-Losh has taken a step back, with Verity Howes moving into the role of managing director.

Sam Humphreys, head of mergers and acquisitions at Dwelly, which operates a 10,000-plus-strong national property portfolio, said: “Move stood out because it has deep local roots, a strong culture and a team that genuinely understands its market.

“Those qualities are incredibly difficult to build, and they’re exactly what we value most when looking at acquisitions.”

George added: “As the industry continues to evolve, it became increasingly important to find a partner that could help take the business forward while protecting the culture and reputation we’ve worked so hard to build.”

The takeover follows a recent deal for Cheltenham-based lettings agency Elliot Oliver, which added 900 fully managed properties to Dwelly’s network.

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