Dacre, Son & Hartley is a Yorkshire-based estate agent which operates a network of 20 branches.
The deal will now see Dacre, Son & Hartley strengthen its focus on residential sales, as well as a raft of other property services including land and new homes, commercial agency and property management, its nationally-active healthcare investment business and agricultural division.
The deal, completed for an undisclosed sum, is the seventh struck by Leeds-based Linley & Simpson since the Covid-19 outbreak.
It takes Linley & Simpson’s rental portfolio to almost 12,000 properties across the 22 high street branches it operates in Yorkshire. The firm, launched in 1997, now has a team of more than 260.
Will Linley, chief executive of Linley & Simpson, said: “This represents an inch-perfect geographical and business fit.
“Our branches share the same footprint as those of Dacre, Son & Hartley, so this injection of properties will dovetail seamlessly into our network.”
He added: “At the end of a challenging year for the country, our confidence in the private rented sector for 2021 and beyond remains strong.
“Other acquisitions are being primed, enabling us to set up in new locations and scale up in existing ones at pace in the New Year.”
Patrick McCutcheon, head of residential at Dacre, Son & Hartley, said: “We have been at the forefront of the Yorkshire property market for many years and this will very much continue.
“Drawing upon the skills of our team of 145 people, we are now looking forward to expanding and investing further in our core strengths in residential sales.
“It will also enable us to further develop the potential of our other property services including our nationally renowned healthcare investment business
“The residential letting sector is becoming increasingly specialised amid ever-growing regulatory and compliance changes.
“Transferring our rental portfolio to an agency with a dedicated letting specialism, like Linley & Simpson, is a natural step – and our former tenants and landlords will be in trusted hands.”
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