North East estate and lettings agent My Property Box has secured a £300,000 investment as it eyes growth in other regions.
The Darlington-based firm, which recently acquired two neighbouring estate agencies and is also active in North Yorkshire, says it is considering expansion further south into Leeds and West Yorkshire and into Cumbria. The funding from North East Growth Capital Fund Loan Fund Supported by The European Regional Development Fund and delivered by NEL Fund Managers, may be used to act on any acquisition opportunities.
The firm will also use the injection to consolidate its present market position and invest in its services which include sales, lettings, management and investment advice. Having been founded 10 years ago My Property Box employs around 50 people and has a portfolio of 1,600 properties.
