Edward Rose Property Group, a Your Move franchise partner within LSL Estate Agency Franchising, has expanded into the South West with the acquisition of Dawlish-based letting agent Devon Rose.
The business will continue to operate as Devon Rose during a transition period before rebranding to Your Move Edward Rose.
The deal includes a portfolio of around 560 landlords, with 360 on fully managed services, adding to Edward Rose Property Group’s existing presence in Newton Abbot, Torquay and Plymouth.
Devon Rose was acquired from Julie and Nick Spayne, who are retiring. Existing team members Lorna, Elaine and Vicky will remain with the business, providing continuity for landlords and tenants.
David Vertannes, managing director at Edward Rose Property Group, said: “This is another exciting step for us. Devon Rose has built a fantastic reputation locally, and we’re pleased to be able to continue that legacy while bringing the additional support and scale of the Your Move network”.
“The strength of the existing portfolio and the experience of the team made this a very attractive opportunity. Maintaining continuity for landlords was a key priority, and we’re delighted that the team is staying on.”
The acquisition was supported by LSL Estate Agency Franchising’s Assisted Acquisitions team and is the fifth time Edward Rose Property Group has worked with the team to expand its business.
Kate Ashley Ives, franchise director at LSL Estate Agency Franchising, added: “This is a great example of how our Assisted Acquisitions team can support franchise partners to grow in a structured and sustainable way. Edward Rose Property Group has a proven track record of successful acquisitions, and this latest move into Dawlish demonstrates both their ambition and the strength of the Your Move franchise model.”