Darlington-based My Property Box swooped for Acorn Properties and KIS Lettings amid moves to further strengthen its presence in Tyneside, Wearside and Northumberland.
Acorn Properties is a significant player in the lettings market, advertising more than 800 properties a year, including houses of multiple occupation. All 14 staff will be retained alongside its office in Jesmond, which serves an area from Durham to Northumberland.
KIS Lettings has also been acquired and its 130-strong portfolio of properties across areas including South Shields, North Shields, Newcastle, and Sunderland, has been transferred to My Property Box’s sister company, Groves Residential, based in Jesmond. KIS Lettings, which previously operated branches in Sunderland, North Shields and Welwyn Garden City, was founded by property entrepreneur Ajay Jagota, who sold the business to launch a new venture offering a specialist tenancy compliance service.
