Annual results announcement
End of year financial results
3rd - 9th February 2020
Connells Group acquires Omega Property Services’ lettings portfolio
Part of its continued strategy to extend its residential lettings network and increase market share
Connells Group announces that it has successfully acquired the lettings business portfolio of Omega Property Services as part of its continued strategy to extend its residential lettings network and increase market share.
Omega Property Services is an independent business operating across Clacton-on-Sea, Holland-on-Sea and Walton-on-the-Naze. The business offers a range of residential lettings and property management services, manages over 170 units and will be absorbed into the William H Brown Clacton-on-Sea branch. William H Brown is part of the Sequence UK national network of estate agencies, a subsidiary of Connells Group.
The acquisition sees William H Brown retain three of Omega Property Services key members of staff – April Hines, Gemma Vincent and Harry Cox – who will assist with managing the transfer of the business and continue to offer consistency of service to both landlords and tenants.
Stephen Nation, Connells Group Lettings Managing Director, says: “This acquisition allows us to grow our portfolio of managed properties in a quality marketplace and extend our property services to even more customers, tenants and landlords in Clacton and its surrounding areas. We’re delighted to welcome our new team members into the business who will prove invaluable for keeping complete consistency and familiarity for customers as we manage the transfer of the business.”
Ian Hunt, Director at Omega Property Services comments: “Having taken the decision to focus on the sales side of our business, it was important that our lettings portfolio passed to a company that has the specialist resources and expertise essential for landlords over the coming months and years. We are confident that our landlords will be well looked after and pleased that the employment of the staff involved have been secured with one of the country’s largest estate agency groups.”
Connells Group is keen to continue to grow its lettings network and hear from businesses that would like to become part of a larger group. For further information and to discuss possibilities for acquisition, please contact Mike Rowley at Connells Group: email@example.com