Independent estate agency completes acquisition of well-known rival firm

L-R: Sam Nixon, Gemma Miller, and Lorna White
L-R: Sam Nixon, Gemma Miller, and Lorna White

George F. White has completed a strategic acquisition bolstering its presence in the north of England’s residential property market.

George F. White has purchased Tyne & Tweed estate agents, a residential sales and lettings agency located in the heart of Berwick-upon-Tweed, adding several offices across the region as a result of the deal.

The newly acquired offices are located in Alnwick, Berwick, Newcastle and Durham, providing a comprehensive range of land and property services including residential sales and lettings services, while the existing branches are in Barnard Castle and Bedale in North Yorkshire.

The company says that the acquisition follows ‘rapid growth’ for the agency which has experienced an exponential increase in residential sales by 56%.

The firm also reports that its lettings service has also continued to thrive with 31% growth over the last two years.

The new Berwick office follows the opening of an office in Durham in October 2020 which has played a key role in the growth of George F. White’s residential offering.

Sally Hart, partner and head of agency at George F. White, said: Tyne & Tweed is a very well established local estate agency with a fantastic reputation and prime location in the heart of Berwick- upon-Tweed.

“The team have excellent property knowledge and a deep understanding of the hyper-local market and geography.

“This purchase will complement our existing residential offering and it bolsters our position as a leading land and property consultancy in the North of England.

“Despite ongoing economic uncertainty and rising living costs, the residential market continues to boom and perform strongly.

“We’re seeing a greater demand for our services across the board which means our residential provision has rapidly expanded and the new Berwick branch will enable us to support this growth and service more homeowners and landlords across the region.

“It’s a very exciting start to 2022 and we’re focused on providing excellent service to our clients as well as continued expansion of the key services we provide across our client base.”

 

x

Email the story to a friend!



Comments are closed.

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.