London estate agency Dexters has confirmed it has
purchased the London and Surrey
branches of competitor agency Jackson-Stops.
Dexters already has 70 branches across London and 35 in central London. The new acquisition involves 11 Jackson-Stops branches including those operating in Chelsea, Holland Park, Mayfair, Marylebone, St. James’s, Pimlico, Westminster and Victoria.
Jeff Doble, Chairman and
Founder of Dexters, told Dealmakerz: “We are excited to be working closely with
Jackson-Stops in London and Surrey.
We now have many talented new colleagues and this much respected business will
continue to offer a high quality service to its many clients. We intend to
strengthen and expand Jackson-Stops, so it’s very much a case of ‘business as
usual’, the name and people will not change.”
The central London market is proving challenging for agents at the moment of course, with a number of operators including Foxtons reviewing their operations in the capital. Dexters’ purchase of Jackson-Stops and comments it will be strengthened and expanded suggests the company have long term confidence in the London market and could become an increasingly significant name to watch here in future.