Well-known estate agency expands after completing acquisition
Mundys in Lincolnshire is expanding into Nottinghamshire after acquiring Alasdair Morrison and Partners in Newark and Southwell.
The estate agency, which has two offices in Lincoln and one in Market Rasen, has bought the sales side of the business, taking the total number of offices Mundys owns up to five.
Alasdair Morrison has retained the residential lettings arm of the business as Alasdair Morrison Lettings and will operate as normal from the same offices. He will continue to work in the agency as a consultant.
Senior partner Simon Bentley said the acquisition has significantly increased Mundys’ presence across the East Midlands.
“We’re delighted to have acquired Alasdair Morrison’s long-standing property sales business,” said Bentley.
He continued: “Alasdair Morrison and partners is one of the leading estate agents in the area and has provided a fantastic service to the people of Nottinghamshire for over 30 years. Working with Alasdair’s existing team, we will use our skills, knowledge and experience to build on and enhance the existing provision.
“Both businesses share the same values of honesty, professionalism and quality and we offer very similar services, so there’s great synergy.
“Initially it will be very much business as usual in Newark and Southwell; the staff, who are all local people and can offer local knowledge and expert advice, will stay the same and we look forward to working with them to grow the business under the Alasdair Morrison and Mundys name in the future.”
Morrison is selling the business he has invested over 30 years of his life in to.
He commented: “I joined the agency in 1982 and became a partner in 1985 before rebranding it to Alasdair Morrison and Partners in 1990 and opening the Newark office in 1998.
“It’s been exciting and challenging and I’ve thoroughly enjoyed running the business and working in the property industry. However, after more than four decades in property sales I’m looking forward to joining forces with Mundys, which shares our values of honesty, integrity, trust and professionalism.
“There’s a lot of synergy between the two businesses, which are both run by chartered surveyors, and I’m sure Mundys will build upon and enhance the high-quality services we have become so well known for.”
