In challenging times for the property industry, Scott Fraser has gone against recent trends and committed to their continued growth with the acquisition of Abbey Rentals. Taking on their portfolio of properties, and all members of staff.
Many agents are feeling the pressure, between political uncertainty, lower transaction numbers, and reduced income following the tenant fee ban. This has resulted in acquisitions within the industry becoming a rarity.
David Blythman, Managing Director at Scott Fraser said: “The Abbey Rentals portfolio is a great fit for us, giving our Witney office a substantial boost and the potential to grow even further. While the private rental sector is high on the political agenda, and with constant new legislation to comply with, landlords need the security of companies that are already ahead of the curve. As industry leaders, Scott Fraser are at the forefront of the debate and rising to the challenge.”
This acquisition cements Scott Fraser’s position as one of the largest, independent estate and lettings agents in the region. Over the coming weeks, the team will be working hard to ensure clients, both new and existing, experience the same levels of outstanding customer service during the transition period. This effort will be aided by the integration of the existing Abbey Rentals team into the Scott Fraser Witney office.
Commenting on the acquisition Christopher Dodds, Director of Abbey Rentals said: “In our exit plan we needed to find a company that held the same high service values as we have aspired to, and one that could cope with the rapidly changing industry. Scott Fraser were the perfect choice.”
The Abbey Rentals purchase is the first of a number of strategic acquisitions planned for Scott Fraser. The management team are actively seeking discussions with other Oxfordshire based lettings businesses who are ready to consider growing together in a new & exciting direction. Any interested parties are invited to contact David Blythman, firstname.lastname@example.org in complete confidence.
About Abbey Rentals:
A family-run independent letting agent established by Christopher Dodds in 2003, and based in Eynsham in West Oxfordshire. Over the years the business had grown significantly and managed a substantial portfolio of property, much of it by personal recommendation.
About Scott Fraser:
Specialists in high-quality homes to buy and to let in key locations throughout Oxford, Witney, and the surrounding villages. Experts in property, with sales and lettings offices based in Headington, East Oxford, Summertown, and Witney, with a separate head office in Oxford comprising property management, refurbishment, and buy-to-let services. The company’s success and continued growth comes from attention to detail, a high-quality portfolio of properties and, most importantly, referrals from satisfied customers.