Independent agency completes double acquisition

Benjamin Stevens has completed the acquisition of two property management companies to add to their fast-growing portfolio.

The independent Block Management company, owned by Benjamin Stevens Estate Agents, will be taking over ‘My Estate Manager’ and ‘Herts Property Management Ltd’.

Both independently run firms are based in Hatfield, with blocks across Hatfield, Harpenden, St Albans and Welwyn Garden City.

The deals mean Benjamin Stevens Block Management will be adding a total of 844 units acquired across both companies, made up of a mixture of flats and houses across 29 developments.

Growing the Block Management side of the business has been something Steve Wayne, founder and MD of Benjamin Stevens Estate Agents, sees as key to growth.

His company first acquired Frederick George Property Management Services back at the beginning of 2017, and it was rebranded as Benjamin Stevens Block Management in 2021.

Ben Jarvis, head of Block Management Services at Benjamin Stevens, said: “It was a perfect acquisition for us as we were already starting to take on new managements across Greater London, Beds and Herts. The companies themselves were run by a married couple whose ethos and approach to high end customer service and value for money matches our own.”

The owners of the companies will stay involved for a phased period of nine months, to ensure all onsite, financial and compliance handovers are fully completed.

For Benjamin Stevens, these purchases have seen them grow by roughly 25%.

The deals follow Benjamin Stevens Block Management’s earlier acquisition in 2022, of nine developments taken over from an Essex based firm. This added a further 162 units to the portfolio, and allows the company to grow the brand into areas of East London and Essex, both in terms of Block Management and Estate Agency opportunities.



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