Mundys Acquires Successful Lettings Business
News release
8th December 2011
An award-winning estate agency in Lincoln has expanded its residential lettings department by acquiring another highly successful property management firm.
Mundys, which was recently named Best Estate Agency and Best Letting Agency in Lincolnshire at the UK Property Awards, has purchased PPM Lets which is being integrated into Mundys’ Residential Lettings department.
Mundys Partner Steven Spivey explained how delighted they were to have acquired this successful business which specialised in residential lettings and property management within the popular waterside development of Burton Waters.
“Mundys is a long-standing agency in Lincoln and has been letting and managing property in the city for over 50 years. Our staff are very experienced and our qualified surveyors, property managers and accounts team understand the needs of both landlords and tenants.”
PPM Lets was established by Freya Leary three years ago and together with her mother Lorraine Pountney she expanded the business rapidly to become the major residential lettings and management agent on Burton Waters.
"Freya and I decided that the time was right to sell the business,” explained Lorraine.
“However, we only wanted to sell it to a reputable company that would continue to offer the high standard of service provided by PPM Lets to landlords and tenants over the years and discussions with Mundys resulted in a successful sale.”
Mundys has seen an unprecedented rise in the number of enquiries for properties to let in the last 12 months.
“The rental market is extremely buoyant at present because many people prefer the flexibility of shorter term, more flexible living or simply can’t afford the deposit needed to buy their own home,” explained Steven.
“Being RICS and ARLA members, we have built our reputation on an extremely high standard of customer care, ensuring that our clients’ properties are looked after to the highest possible standard and that rent is paid promptly.
“All ARLA members operate under strict rules of conduct and must meet certain standards relating to professional and ethical practice.”
If you are a landlord or a tenant considering renting a property please call 01522 556099 or visit www.mundy-uk.com for more information.
Ends
Notes:
- Mundys has been crowned the Best Estate Agency in Lincolnshire at The UK Property Awards in association with Google and Bloomberg Television for the last four years in a row (2008 to 2011).
- This year (2011) Mundys also won Best Letting Agency in Lincolnshire at The UK Property Awards in association with Google and Bloomberg Television
- Mundys’ Residential Lettings Department was ranked as the third best letting agent in the East Midlands region at the recent UK Estate Agent and Letting Agent of the Year Awards 2010.
- For further information visit www.mundys-uk.com or follow Mundys on Twitter @Mundysuk or on Facebook www.facebook.com/mundysuk
Kate Strawson
Shooting Star PR
01522 528540
kate@shootingstar-pr.co.uk
@shootingstarpr
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