Prop­erty firm hails its new pur­chase

Yorkshire Post - - BUSINESS - GREG WRIGHT DEPUTY BUSI­NESS ED­I­TOR ■ Email: greg.wright@jpi­me­ ■ Twit­ter: @greg­wrightyp

A YORK­SHIRE-BASED prop­erty com­pany has se­cured a ma­jor ac­qui­si­tion to help it grow.

Adair Pax­ton has sig­nif­i­cantly in­creased the num­ber of Leeds city cen­tre rental apart­ments it man­ages, af­ter it bought the bou­tique es­tate agency, Hud­son Moody Wass.

Founded in 2001, Hud­son Moody Wass op­er­ates from city cen­tre of­fices on York Place and man­ages a large rentals port­fo­lio on be­half of more than 200 land­lords, as well as of­fer­ing a res­i­den­tial sales ser­vice. Both its res­i­den­tial and let­tings di­vi­sions, as well as sev­eral mem­bers of its team, will now merge with Adair Pax­ton, which cel­e­brated its 160th an­niver­sary this year.

It’s the third ac­qui­si­tion in 10 years for Adair Pax­ton, which al­ready em­ploys a 30-strong team, of­fer­ing a full range of res­i­den­tial and com­mer­cial prop­erty ser­vices across of­fices in Leeds city cen­tre, Hors­forth and Adel.

Guy Roberts, direc­tor at Adair Pax­ton, said: “Hud­son Moody Wass has a rep­u­ta­tion for pro­vid­ing a very high stan­dard of ser­vice and re­li­able, con­sid­ered ad­vice. This com­ple­ments our ethos per­fectly.

“Cru­cially, Hud­son Moody Wass has es­tab­lished a sub­stan­tial res­i­den­tial rentals port­fo­lio, worth more than £50m, in Leeds city cen­tre, where tenant de­mand is cur­rently soar­ing.

“Plus, af­ter years of un­der­sup­ply, work is now un­der­way on sev­eral new, high-pro­file apart­ment de­vel­op­ments that will help shape the fu­ture of the city cen­tre’s res­i­den­tial prop­erty mar­ket and en­cour­age even more in­vestors and ten­ants into Leeds.

“When this is com­bined with the city’s phe­nom­e­nal rate of growth, it makes it a re­ally ex­cit­ing time for both Leeds and city liv­ing as a whole, and this ac­qui­si­tion will help to fur­ther ce­ment our po­si­tion at the fore­front of Leeds’s prop­erty mar­ket.”

Apart from its sales and let­tings di­vi­sions, Adair Pax­ton of­fers block man­age­ment ser­vices and over­sees the run­ning of a wide range of de­vel­op­ments across York­shire.

These in­clude Con­cord Street – a de­vel­op­ment of 171 apart­ments in Leeds city cen­tre’s highly sought-af­ter North­ern Quar­ter – and the com­pany is cur­rently sell­ing 120 of the apart­ments.

Adair Pax­ton’s com­mer­cial divi­sion also man­ages a wide range of high-pro­file prop­er­ties in and around Leeds, in­clud­ing Leeds Corn Ex­change and Thorn­ton’s Ar­cade.

It makes it a re­ally ex­cit­ing time for both Leeds and city cen­tre liv­ing.

Guy Roberts, direc­tor at Adair Pax­ton, on new de­vel­op­ments and growth in the city.

DEAL: Adair Pax­ton’s direc­tors Guy Roberts, Wil­liam Mar­shall, Ni­cola Thomp­son, Bruce Collinson, Steven Theaker, Si­mon Dal­ing­wa­ter, Mark Roth, at a birth­day cel­e­bra­tion ear­lier this year.

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