Property lettings firm Bowman Rebecchi Letting has acquired Castle Estates, the largest independent residential lettings agency in Inverclyde in a six-figure deal. Castle Estates manages a stock of nearly 350 properties across Glasgow, Renfrewshire, Ayrshire, and Inverclyde. Its four highly experienced staff will transfer across from Castle Estates to Bowman Rebecchi’s new offices in Gourock’s Kempock Street.
The business, established for twenty years, is being sold by owner Neil Woodhead who is retiring and relocating. „I have had several offers for the business but elected to complete the sale with Bowman Rebecchi Letting. I believe its operation is the best fit for Castle Estates’ current customers, staff and the future potential of the organisation,“ said Woodhead.
“We are delighted to have acquired Castle Estates and its current clients and tenants,“ said Riccardo Giovanacci, MD of Glasgow-based agency Newton Lettings, and a Director in the Bowman Rebecchi Letting joint-venture. “Castle Estates has a successful track record across the west coast of Scotland and delivers a significantly greater reach to our residential letting arm,„ he continues. “There is a high demand for rental properties throughout towns and villages across the central and west of Scotland, and we look forward to meeting our new landlords to support their investment aims.”
“Across our group of businesses, we now manage 1,100 properties, both commercial and residential, and this acquisition makes us one of the largest independent letting agencies in Scotland,“ added Rebecchi Architectural and Bowman Rebecchi Director, Marco Rebecchi. “We look forward to further growth, both in our core area of Inverclyde and beyond and continue to welcome new clients.”
“This is a significant investment for a well-run and successful operation, and it is exciting to watch the business grow since its launch,“ stated Andrew Bowman, Director of Bowman Rebecchi. “We have strategically invested into our systems and processes to ensure the highest quality of service and we believe this provides an outstanding customer proposition to the letting market,“ he added. “Our focus in the next few weeks is on integrating our existing and new portfolios, and we look forward to getting to know our new employees and clients.“