Real Estate

Estate agency continues buying spree with acquisition of rival firm – Property Industry Eye


Glasgow-based estate agent and law firm Pacitti Jones has snapped up yet another competitor, with the acquisition of Kilsyth-based estate agency Penworth Properties

The addition of Penworth Properties follows the recent purchase of Glasgow law firm Alexander, Jubb & Taylor.

Penworth Properties was founded more than a decade ago by Beth Penman, a well-known figure in the local estate agency market.

She said: “Following a successful ten years in business, I have been looking for the right partner to help grow our offering in Kilsyth and Cumbernauld and to provide the core focus of personal service to our loyal customers.

“With Pacitti Jones’ focus on providing a high quality and personal service from local community focused branches, I found them to be a perfect fit for both myself and Penworth Properties – and together we can take the business to the next level.”

Pacitti Jones now has nine branches north f the border.

John O’Malley, chief executive of Pacitti Jones, commented: “Our merger with Penworth Properties is one that we are thrilled to be announcing.

“As Pacitti Jones actively looks to grow operations in Glasgow and central west Scotland, we are confident that this merger will be one that mirrors and strengthens our own community values and will mean the continued delivery of a high quality of service.

“With our existing branches and infrastructure in Glasgow, Lenzie, Bishopbriggs and Stirling we are well placed to serve the local communities of Kilsyth and Cumbernauld now. Beth is joining Pacitti Jones and will continue working from the same premises in Kilsyth which was critical to us to provide the continuity and expertise to the local area.”

 

Estate agency eyes further acquisitions after snapping up 167-year-old firm



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