Growing estate agency group My Property Box has expanded its portfolio after swooping for letting agencies in North Yorkshire and County Durham.
The business, which secured a multimillion-pound investment from BGF this summer, has acquired Northallerton based John Prest and Landlords 2 in Darlington to boost its footprint, while also adding more than 450 managed properties to its portfolio. Both of the deals have been triggered by the retirement of key directors, including John Prest and his son Mark.
The company’s office on Northallerton’s High Street will be retained, together with its brand and current staff of two. Clare Bopari, a manager at My Property Box will oversee the operation. John Prest was founded in Northallerton in 1926 by W.L. Prest Senior and his wife and the business initially operating from Kelvin Terrace. In 1932, it relocated to its current premises at 65 High Street.
Mr Prest said: “Our family has proudly run this business across four generations, but after thoughtful consideration, we believed it was the right time to pass the baton. I’m pleased the trusted Prest name, along with our office and dedicated staff, will continue, ensuring a seamless experience for our clients. My Property Box shares our commitment to exceptional customer service, and I’m confident their vision aligns perfectly with the principles we’ve upheld for almost a century.”
The deal involving Landlords 2 was prompted by the retirement of long-serving director Tim Haigh. Its Coniscliffe Road office has now closed and all services are being integrated into the My Property Box infrastructure.
Ben Quaintrell, founder and CEO of My Property Box, said: “These acquisitions are an important part of our strategy to strengthen our market presence across the North East and North Yorkshire. Both John Prest and Landlords 2 have a long-standing reputation for delivering excellent service, and we’re excited to build on these foundations.
“What’s particularly appealing about both businesses is that they share My Property Box’s core values of integrity and trust. Their commitment to high standards mirrors our own, ensuring we can continue offering an exceptional experience for both landlords and tenants as we continue to grow.”
Original artice – https://business-live.co.uk/all-about/yorkshire-humber
