Martin & Co in Bournemouth has completed the acquisition of Boscombe-based Lovett as it expands across across the region.
Martin & Co, based in St Stephen’s Road, has taken over Lovett estate and letting agents in Christchurch Road.
Lovett’s founder, Maximillian Ziegfried De Kment, has chosen to semi-retire, entrusting his business to Martin & Co.
Philip Skorochod, franchise owner of Martin & Co Bournemouth, said: “We are thrilled to welcome Lovett’s clients & staff into the Martin & Co family.
“Our clients will benefit from Martin & Co’s broad industry expertise and innovative technology, while still receiving the personal touch that Lovett is known for.
“This partnership is about enhancing what we already do best.”
In a letter to clients, Maximillian explained the careful consideration behind his decision to sell the business, writing: “The lettings industry is heading for tighter regulation in all areas.
“After meeting with several local agents, we have chosen Martin & Co as they are best placed in the market to provide ongoing support and compliance with regulatory changes in order to protect your investment.”
To ensure a smooth transition, Martin & Co has reassured clients that there will be “no immediate changes” to the terms and conditions of their contracts.
Rent payments will continue to be processed through the Lettings Partnership, a system that Lovett had already transitioned to prior to the merger.
And in the coming days, Martin & Co said it will focus on ensuring all legal requirements are met, including sending new prescribed information packs to tenants as deposits are transferred to Martin & Co’s DPS custodial account. Full implementation of these changes is expected by 1 October.
Many of the familiar Lovett staff members will also be moving to Martin & Co offices in Southbourne & Ashley Cross.
Steve Ballam, franchise owner of Martin & Co Poole, commented: “As Martin & Co integrates Lovett Estate Agents into its operations, the merger is expected to enhance the company’s service offerings, providing clients with an even higher level of support and professionalism.
“The company is excited about the future and looks forward to continuing to deliver outstanding service to its expanded client base.”