Watson Mitchell Blackburn acquires southern rival
Who:
Stamford property letting and management agent Watson Mitchell Blackburn.
Did what:
Has acquired residential property letting agent Real Estate Services.
What does this mean:
Watson agreed a funding package from NatWest as part of the government-backed Enterprise Finance Guarantee Scheme (EFG) to fund the acquisition. The addition of Real Estate Services, which is based in Bedford, will expand Watson’s coverage and increases its focus on the residential property market.
Insider comment:
Richard Watson from Watson Mitchell Blackburn said: “The purchase of Real Estate Services Ltd allows us to expand the business even further and enter new but profitable geographical markets. We are entering a very exciting stage in the company’s progression.”
