Belvoir has further strengthened its hold in the South East with the formation of Belvoir Wembley Park following a successful acquisition by a highly ambitious new franchisee.
“I can confirm that Tom Wang, who only joined Belvoir last year, and was the recent winner of Belvoir Newcomer 2019 at our Annual Awards, has completed on a record fourth acquisition, which has brought Belvoir Wembley Park into our network,” said Dorian Gonsalves, Belvoir CEO.
Tom and his wife Ran joined Belvoir in 2018 and very quickly went on to buy three businesses, which became Belvoir Queens Park, Belvoir London Westminster and Belvoir Wood Green. Tom and Ran have now completed on the purchase of Grey & Co Estate Agents, which is in a highly strategic location in Wembley Park, in one of the largest residential developments in the country, if not Europe.
“For a franchisee to complete on a fourth acquisition within their first year is an amazing achievement, and a superb example of what can be achieved. It is also testimony to Tom’s extraordinary ambition, drive and determination. Acquisitions continue to be a major focus and strategy for business development at Belvoir, and we work hard to support our franchisees in their ambitions. We have no doubt that this latest acquisition, which has added a further 269 let and managed properties to his portfolio, will greatly facilitate Tom’s intention to develop his businesses to their full potential. We wish him and Ran every success for the future.”
Speaking of the latest acquisition, Tom said: “I am delighted to have completed on the purchase of Grey & Co, which specialises in sales as well as lettings. I realise that as a new franchisee I have moved very quickly in order to grow my business, but throughout the entire process I have received tremendous support from Belvoir’s dedicated Acquisition Team. I am extremely grateful to everyone at Central Office in helping to make this possible.
“I am incredibly pleased to have joined the Belvoir family, and for all the support that has been provided to me at every stage. Now that this acquisition has completed the hard work of ensuring that all four of my Belvoir businesses achieve their full potential begins. I am looking forward to the future and to working with my valued team members.”