Newton Fallowell, one of the brands in the Belvoir franchising chain, has acquired the sales and lettings business of an independent in the town where the group has its head office.

Escritt Barrell Golding has two offices, in Grantham and Sleaford.

Mark Newton, founder and managing director of Newton Fallowell, said: “I am very happy to confirm that Newton Fallowell has acquired the sales and lettings portfolio of EBG, which is the oldest independent agency in Grantham.

“We will be transferring this business, along with existing staff members, to our head office in Grantham.

“This acquisition has added over 300 rental properties to our portfolio.”

The Sleaford business will be transferred to the Belvoir Sleaford franchisee, Peter Atkinson.

EBG, which was founded in 1860, will now be concentrating purely on the agricultural and commercial property side of its business.

Belvoir CEO Dorian Gonsalves said: “The Belvoir Group, which began 24 years ago in Grantham, continues to go from strength to strength, and acquisitions are a major part of our growth strategy for this year and for the foreseeable future.”