Property specialist Cavendish has acquired the lettings portfolio of a North Wales estate agent.
Cavendish, which has offices in Chester, Ruthin and Mold, has purchased the lettings arm of Connah’s Quay-based Keystone Property and Mortgage Centre.
The deal enables Cavendish to continue the expansion of the property management side of the company and allows Keystone to focus on their fast-growing estate agency and mortgage broking service across North Wales, Chester and Wirral.
David Adams, Managing Director of Cavendish, said: “From our early discussions, it was clear that the values and ethos of our two businesses were very closely aligned.
“We look forward to welcoming Keystone’s landlord clients into the Cavendish family and building on the high level of customer service they have come to expect from the Keystone team.
“The acquisition is an important next step in our own strategic growth plans and we look forward to adding further appropriate acquisitions to our business.”
Ben Roberts, Managing Director of Keystone Property & Mortgage Centre, said: “This has been a carefully considered decision, one that has been six months in the making. During that time, we received interest and offers from a number of companies — some even offering more than we ultimately accepted.
“However, our focus was never solely financial. Our priority has always been our landlord clients and ensuring continuity of care, service, and trust.
“After a series of highly productive meetings and discussions, we were delighted to agree a deal with Cavendish, a company that shares our values and approach to customer service. Their team brings a wealth of experience and a strong reputation for professionalism and integrity.
“This sale will now allow us to focus and channel all our energy into the estate agency and mortgage sides of the business — enabling us to elevate the customer experience even further, both for sellers and buyers alike.”
The sale also allows Ben’s mum, Glenys Roberts, who has successfully overseen the lettings agency for many years, to enjoy a well-earned retirement.
