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Gloucestershire Business News

Takeover of county estate agents

A fast-growing county lettings business has revealed its latest expansion plans - takeover of a firm of estate agents.

CGT Lettings & Sales has completed its takeover of the Stonehouse-based Location Estate Agents, a deal which adds 30 properties to its portfolio.

The firm, which has offices in Cheltenham, Gloucester, Stroud, Tewkesbury, Quedgeley and Kingsway, now has more than 1,650 managed properties on its books.

It is the second such acquisition this year and follow the merger of All About Property, and the launch of the CGT Sales Division.

In a statement on its website CGT also promises "further updates will come in due course".

Angharad Trueman, managing director at CGT Lettings & Sales, said: ''We are so happy to have completed this acquisition of Location Estate Agents.

"We felt the merger was a good fit from the start and to continue growing our portfolio of properties across Gloucestershire is important for the business.

"We are absolutely delighted to get James Askew and Alison Mills as employees too, they have both hit the ground running, as we expected they would, and know they will be great assets for the CGT brand going forward. We're over the moon.''

Mr Askew joins CGT as head of sales and investments, having been the sales and lettings manager at Location.

He will be based across the business's five offices in Gloucestershire.

Ms Mills joins CGT's Stroud office as a lettings administrator.

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