fbpx

Industry News Centre

Belvoir grows in Scotland after buy-out of local businesses

Belvoir’s Scottish expansion has picked up pace with the franchise’s Inverness and Falkirk offices completing successful acquisitions of nearby lettings companies as part of their growth plans.

Amjed Rasul, owner of Belvoir Inverness, has acquired the residential lettings portfolio of a local agency and Mike Campbell of Belvoir Falkirk has also bought out a local lettings business.

“I am delighted that we have successfully completed the acquisition of a residential portfolio from a well-established local business,” says Amjed, who launched the Belvoir Inverness office five years ago. “We started negotiations in early January to establish compatibility of the residential portfolio for our business. With the help of the acquisition team at Belvoir’s Central Office we managed to complete the transaction in about a month.”

Belvoir has ambitious growth plans for 2013 and is currently processing several other acquisitions with offices all around the UK. CEO Dorian Gonsalves says: “As part of Belvoir’s growth strategy we are now proactively targeting key competitors. Belvoir’s flotation onto the London stock market one year ago has enabled us to help franchise owners to acquire competitors within their territory, and if it is the right opportunity we can also provide assistance with funding.”

Belvoir Lettings now have more than 150 offices nationwide.

Belvoir

Latest News

bfa Monthly Franchise Insights

Free franchising webinar

We use cookies to give you the best possible experience on our website. By continuing to browse this site, you give consent for cookies to be used. For more details, please read our Cookie Policy.