The Leef Property Group has acquired Sherwood Lettings and Management – the lettings arm of Hockley Developments – adding 100-plus units to its existing 3,000-strong portfolio of managed properties spanning from the Midlands to the North East and Yorkshire.
Warrington-based Leef had already bolstered its portfolio by more than 800 managed properties this year, and plans to more than double its current portfolio within the next three years.
Joe Knowles, co-founder and director of The Leef Property Group, said: “We’ve had a close relationship with Hockley Developments for a number of years and are familiar with its developments, so taking over the professional management of its rental portfolio fits perfectly into our operating model and specialisms.
“We believe we have the capability to more than double our operations by attracting a range of clients, from asset managers to property developers, who are placing new schemes under our full management. Business acquisition is another key part of our future growth strategy,” Knowles added.
Alan Forsyth, managing director of Hockley Developments and Sherwood Lettings, commented: “The sale of our rentals management arm to Leef enables us to focus on our core business strategy, most notably the design and build of supported living developments, as well as sustainably led residential schemes.”
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