London estate agency chain Dexters has snapped up lettings and property management specialist LiFE Residential in a move that will give it an overseas presence for the first time.
Fast growing Dexters, which has already spent around £75 million on acquisitions, paid an undisclosed sum for LiFE Residential, which has eight offices in London, Birmingham, Singapore and Hong Kong.
It currently manages around 5,000 properties across London and specialises in new build property and providing asset management services for property investors including many overseas buyers.
The 23 year old firm’s London offices are in Canary Wharf, Royal Wharf, Greenwich, Nine Elms, Westminster, Highbury, and North Acton.
It is the appointed specialist letting and management agent for several high-profile London developers including Galliard Homes on their developments The Stage in Shoreditch and TCRW Soho on Oxford Street.
Andy Shepherd, CEO of Dexters, said: “The acquisition of LiFE Residential continues to strengthen Dexters position as London’s number one sales and lettings agent and gives the business a multi-national presence for the first time in our history, with offices in Singapore and Hong Kong.”
Josh Larn, commercial director of LiFE Residential said: “We are delighted to be joining Dexters, the market leader in London’s estate agency sector. LiFE Residential is proud to manage some 5,000 properties and represent over 7,000 tenants across the capital.
“Over the last 23 years we have built a strong reputation led by our high-quality new homes lettings product offering and exceptional customer service and we are excited for the opportunity for future growth provided by becoming part of Dexters.”
