Thu, 18 Sep 2025 | BUSINESS SALE
My Property Box, an estate agency group backed by BGF, has further expanded its network in the North East with the acquisition of two letting agencies in County Durham. The group has acquired Ready to Rent and Newton Assets as it continues its acquisitive growth in the region.
The acquisitions are My Property Box’s second and third takeovers of 2025 so far, following the purchase of Darlington-based Bellwood & Harris earlier this year, and mean the company has completed 15 acquisitions in the space of seven years.
The acquisitions of the two companies, which operate in the Seaham area and were both sold due to retirement, take My Property Box’s rental portfolio to more than 360 properties.
The deals were backed by a multimillion-pound BGF investment that the group secured in July 2024. My Property Box has offices in Newcastle, Darlington and Northallerton and, with deals like the new double acquisition, continues to expand its reach across the North East and North Yorkshire.
My Property Box founder and CEO Ben Quaintrell (pictured above) commented: “We’re delighted to welcome the clients of Ready to Rent and Newton Assets. Both agencies were run with dedication and professionalism, and we’re proud to carry forward that legacy while providing landlords and tenants with the benefits of our modern, technology-focused approach.”
“These acquisitions further strengthen our presence in County Durham and align perfectly with our strategy of carefully targeted growth. The investment from BGF is enabling us to accelerate our expansion plans, and we remain committed to building our portfolio while delivering the high standards of service our clients expect.”
James Baker, investor at BGF, said: “It’s great to see My Property Box continue to deliver on its buy and build growth strategy and extend its reach across the North East and Yorkshire. There remains significant M&A opportunity in sectors ripe for consolidation, such as the residential lettings market, and BGF’s patient capital model, value creation offering and experience of buy and build can help unlock this growth potential.”
Read more about M&A in the UK estate agency market
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