A leading estate agent’s Newark and Southwell offices have been acquired by a Lincolnshire firm after more than 30 years of trading.
Mundys is expanding into Nottinghamshire after acquiring Alasdair Morrison and Partners’ two town centre offices.
Mundys, which has two offices in Lincoln and one in Market Rasen, has bought the sales side of the business, taking its total number of offices up to five.
Alasdair Morrison has retained the residential lettings arm of the business as Alasdair Morrison Lettings and will operate as normal from the same offices.
He will also continue to work in the agency as a consultant.
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Alasdair Morrison said he’s delighted to be selling the business he’s invested over 30 years of his life in to a company which has such a high regard for its clients and staff.
Alasdair said: “I joined the agency in 1982 and became a partner in 1985 before rebranding it to Alasdair Morrison and Partners in 1990 and opening the Newark office in 1998.
“It’s been exciting and challenging and I’ve thoroughly enjoyed running the business and working in the property industry. However, after more than four decades in property sales I’m looking forward to joining forces with Mundys, which shares our values of honesty, integrity, trust and professionalism.
“There’s a lot of synergy between the two businesses, which are both run by chartered surveyors, and I’m sure Mundys will build upon and enhance the high-quality services we have become so well known for.”
Mundys senior partner Simon Bentley said the acquisition has significantly increased Mundys’ presence across the East Midlands.
“We’re delighted to have acquired Alasdair Morrison’s long-standing property sales business,” said Simon.
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“Alasdair Morrison and Partners is one of the leading estate agents in the area and has provided a fantastic service to the people of Nottinghamshire for over 30 years. Working with Alasdair’s existing team, we will use our skills, knowledge and experience to build on and enhance the existing provision.
“Both businesses share the same values of honesty, professionalism and quality and we offer very similar services, so there’s great synergy.
“Initially it will be very much business as usual in Newark and Southwell; the staff, who are all local people and can offer local knowledge and expert advice, will stay the same and we look forward to working with them to grow the business under the Alasdair Morrison and Mundys name in the future.”
Mundys was established in 1898 and has been awarded Best Estate Agency in Lincolnshire five years running and Best Letting Agency in Lincolnshire three years running at the UK Property Awards.
Most recently it was awarded Best in Postcode in the ESTAS Customer Service Awards 2023.
Mundys is also one of 800 independently owned agents from across the UK selected to join The Guild of Property Professionals based in Mayfair, London. Members work together to raise and maintain standards in the property industry and promote sellers’ properties across the network.
