Dexters has acquired Conran Estates, a four office estate agent business operating in South East London.

The new partnership approach enables Conran to keep its independent brand identity but benefit from the resources and financing of London based estate agency group.

Conran Estates, which provides sales, lettings, new homes, land and valuation services, is the sixth estate agency that Dexters has purchased in the last 12 months.

Established in 1999 and led by co-founding director Oliver Powell, Conran has offices in Greenwich, Brockley, Charlton and Lee.

The new partnership with Conran is part of DEXTERS ongoing plans to further expand its London office network. It follows a wave of partnerships over the last 12 months with estate agents Roy Brooks, Douglas Martin, Peter James, Sebastian Roche and lettings/property management firm Howsy

Last month, Dexters issued its 2021 Report and Accounts which showed a 32% rise in revenue to £143.3 million (2020: £108.7m) and a 75% increase in operating profit to £40.6 million (2020: £23.2m).

Dexters, founded in 1993 and led by CEO Andy Shepherd, now serves more than 30,000 landlords and facilitates more than 28,000 property transactions across London per annum.

Shepherd said: “London has bounced back from the disruption caused by the COVID-19 pandemic and continues to be an attractive investment for local and international clients, and it is important that Dexters continues to expand and thrive, which is why we are delighted to have entered into this new partnership with Conran.

“This further strengthens our presence in South East London and we have long been an admirer of Conran which has excellent local market knowledge and a talented team.”

Powell of Conran commented: “The Dexters brand is respected and trusted by both Londoners and international customers and clients, and matches perfectly the independent thinking and principles we hold so dear at Conran.

“We are excited to be part of Dexters’ ongoing success, with the group’s office expansion and enhanced digital activities creating a strong foundation for further increases in revenue and future expansion.”

Dexters report significant increase in revenue and operating profit