Growing estate agency group My Property Box has made its 16th acquisition in seven years with the purchase of an Ashington-based firm.
The business has strengthened its North East portfolio having taken over family-run Clarke Holland which offers sales, lettings and rentals services in the area. The deal follows recent purchases including Ready to Rent in County Durham and Seaham-based Newton Assets.
Last year, My Property Box secured a multimillion-pound investment from BGF which has funded its acquisitive streak - including firms across the North East and North Yorkshire. The funding has underpinned the group's "buy-and-build strategy" across its patches, which includes offices in Newcastle, Darlington and Northallerton.
Clarke Holland owner Paul Baldry made the decision to sell the business for an undisclosed sum in order to focus on his own property portfolio and pursue other interests. The business was incorporated in 2007.
Ben Quaintrell, founder and CEO of My Property Box, said: “This latest acquisition further strengthens our presence across Northumberland and Tyne & Wear and reflects our ambition to continue expanding our residential lettings footprint across the region. We are delighted to welcome Clarke Holland’s landlords and tenants, who will benefit from our proactive approach, digital systems and extensive expertise in property management.”
My Property Box has also expanded its senior leadership team with the appointment of Will Maddock as chief finance officer. Mr Maddock's appointment to the newly created role means the financial function has come in-house at My Property Box for the first time, with the company saying it will enhance governance and provide strategic oversight.
Mr Maddock joins from Manchester-based Operam Education Group, where he sat on the board for more than seven years and is said to have played a key role in scaling the platform through the acquisition and integration of nine educational recruitment brands.
He added: “I’m excited to have joined My Property Box at such a pivotal stage in its growth journey. The business has already achieved an impressive track record of acquisitions, and I look forward to helping shape the next phase of its development by ensuring we have the financial strength and systems in place to deliver long-term success.”
