LSL completes purchase of Halifax Estate Agencies

Estate agency group LSL Property Services has completed its purchase of the Halifax estate agency branches.

The York-based group agreed to buy Halifax Estate Agencies (HEA) from Lloyds Banking Group for a token 1 in October.

Sign up to our Business newsletter

Sign up to our Business newsletter

The deal makes LSL, which also owns the Your Move, Reeds Rains and Intercounty brands, the UK's second biggest player in the sector.

The group now has 584 outlets. LSL won 98.9 per cent backing for the acquisition from shareholders last month.

LSL was formed after the management buyout of Your Move, which has around 300 branches, from Norwich Union in July 2004.