THE UK’s largest estate agency and property services Group Countrywide has today announced the acquisition of Blundells which has bases in Chesterfield, Dronfield and the Hope Valley.
Launched by Michael Blundell in 1977, Blundells has grown to become Sheffield’s leading estate and lettings agency, offering property services to home buyers and sellers in the region.
With 13 offices including Sheffield, Chesterfield and Rotherham, Blundells will continue to operate as a business in its own right and will join Countrywide’s network of 1,300 offices and 46 leading estate agency and lettings brands. These include Sotheby’s International Realty, Bridgfords and Hamptons International.
The Blundells management team will continue to lead the business including managing director Steve Hinshelwood and the original founder Michael Blundell.
Grenville Turner, Countrywide Group chief executive, said: “This acquisition forms a key part of Countrywide’s strategic plan. We have long admired the success of Blundells, its management team and its strong presence in Yorkshire and Derbyshire. “It is a business that has a strong brand, an experienced and committed workforce, and its branch locations make it a great fit for our network.
“Countrywide has a proven track record of investing in strong businesses and providing a platform for further expansion. We look forward to working with the management team at Blundells to assist them in enhancing their customer proposition by offering a range of market-leading property services as we grow the business.”
The management teams at Countrywide and Blundells have been working closely together since last year to explore opportunities.
Steve Hinshelwood, managing director of Blundells, said: “This acquisition marks an exciting new era for Blundells.
“The strength and breadth of Countrywide’s services and infrastructure will enable us to continue to expand and diversify our business.
“The housing market remains challenging, and being part of a company like Countrywide enables us to deal with these challenges more effectively and take advantage of the opportunities that this market presents to us.
“Having worked closely with the Countrywide management team for some time now, I have been thoroughly impressed with their ideas and strategy to grow the business and I look forward to working with them to explore these opportunities further.”
Countrywide is the UK’s largest estate agency and property services Group, employing more than 9,000 staff. Its extensive portfolio of property services includes estate agency, lettings, mortgage and insurance services, land and new homes, franchising, auctions, surveying, conveyancing and corporate property management services.
Following this morning’s announcement of the takeover, a Blundells spokesman was unable to discuss all the reasons why the takeover had been decided upon and whether all its jobs and offices would be secured as part of the deal.