Fladgate LLP has acted for the shareholders of Greene & Co, an award-winning estate agency covering North London and the City, in its sale to leading residential agency, Hamptons International – part of Countrywide PLC, the UK’s largest estate agency and property services group.
Established more than thirty years ago in West Hampstead, Greene & Co has seven offices across the Capital serving West Hampstead, Maida Vale, Crouch End, Belsize Park, Clerkenwell, Kensal Rise and Queen’s Park. The agency comprises sales, lettings, financial services, property management and new homes and investments. Greene & Co also has a sister company Urban Spaces; a specialist and expert team focused solely on residential loft spaces across London. The acquisition takes in all divisions of the agency and Urban Spaces.
Commenting on the acquisition, Phil Tennant, Chief Operating Officer of Hamptons International, said: “Greene & Co represents one of London’s most successful estate agency brands, with a clear identity and strong market share. The organisation provides a fantastic geographic fit with strong offices in key London locations that will provide a natural link with Hamptons offices in North and Central London.”
Managing Director of Greene & Co, David W Pollock, added: “We decided as a business to only push ahead and sell the company about three weeks ago. We had had a number of approaches before but never felt ready. Once we decided to sell we wanted it completed quickly. We didn’t want our team to be unsettled. Fladgate took up the gauntlet and worked round the clock to fit in with our time table. We were thrilled with their efforts, care and quality of work.”
The Fladgate team was led by corporate partner Julian Lewis, assisted by senior associates Sam Tye and Gavin Whitney and associate Sophie Burke.
Fladgate has established a strong reputation as expert and trusted advisers to owner-managed businesses, helping them to grow and move through incorporation, expansion, fundraising and ultimately to sale. The firm provides practical support for a variety of business sizes and structures and has a close appreciation of the changing cultural and operational dynamics of businesses as they graduate from family or private to public ownership.