Thu, 16 May 2024 | BUSINESS SALE
Oakfield Estate Agents has announced the acquisition of an independent estate agent in East Sussex. The acquisition of local operator Rowland Gorringe adds three new locations to the firm’s existing presence in the region.
Oakfield has been established in East Sussex since the mid-1990s, when it opened a small location in Hastings. It has since added further sites in Eastbourne and Bexhill-on-Sea, with the acquisition of Rowland Gorringe bringing in additional offices in Lewes, Uckfield and Heathfield.
Rowland Gorringe Estate Agents was founded in 1926 and, like Oakfield, is an independent, family-run estate agent. The company’s operations encompass sales and lettings.
Following the acquisition, the company’s staff will transfer to Oakfield Estate Agents, with company director Edward Gorringe having already retired. A separate office in Seaford, which also trades under the Rowland Gorringe brand, is unaffected by the deal.
Discussing the acquisition, Oakfield Estate Agents founder and CEO Neil Newstead said: “We’re all absolutely thrilled that the Rowland Gorringe business will now benefit from our extensive expertise, as well as our greater economies of scale. We have deep roots across East Sussex, and the county will always be our home. Thanks to this acquisition, we’re now ideally placed to offer our high-quality estate agency services more widely across our region.”
“And customers of Rowland Gorringe and Oakfield will benefit from our investment, growth, expertise and a great team of professionals. We’re looking forward to a busy spring and summer ahead, and to running the new offices.”
Read more about what's driving growing consolidation in the UK's estate agency market
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