Connells acquires independent estate agency network

The transaction, which includes both Burchell Edwards and Ashley Adams branches, will see Connells increase its network to 487 offices and take ownership of Burchell Edwards’ conveyancing firm Be Legal.

The Burchell Edwards network provides residential sales, lettings, conveyancing and mortgage advice across Derbyshire, Staffordshire, Birmingham, Nottinghamshire and Leicestershire. Connells investment into this estate agency business will support its continued expansion including a number of branch openings in 2011 and a recruitment drive which has increased the number of its mortgage consultants by 50 per cent.

Connells’ chief executive Stuart Flavell said: “This acquisition of an already successful and profitable independent estate agency will reinforce Connells’ strength in the Midlands housing market. Burchell Edwards will retain its existing trading names but benefit from Connells’ award-winning mortgage provision and support systems.

“We started 2011 with plans to build the Connells network and make strategic acquisitions to grow the business. Today’s investment into Burchell Edwards estate agency marks the latest effort to boost Connells’ coverage and success in the residential market, both across the Midlands and nationwide.

“We are also keen to expand further and are seeking future acquisitions of estate agency and lettings businesses.

“If anyone is currently in these markets and looking to sell, I would urge them to get in touch as soon as possible.”