Tue, 27 Feb 2024 | BUSINESS SALE
Rosevale Letting, a leading Glasgow lettings agency, has acquired a number of letting properties from local competitor Ross Sales & Lettings, in a deal that significantly expands its portfolio of managed properties. The deal comes after Ross Sales & Lettings entered liquidation last month.
Riccardo Giovanacci (pictured above), Rosevale Letting’s Managing Director, described acquiring the properties from the liquidator "as the smart move to reinvest some of our profits in continuing to grow our portfolio”, adding that the new properties would expand the company’s strong existing presence in Glasgow.
He continued: “My priority now is to reassure our new landlord clients that we will ensure they receive a high-quality service and that their investments are in safe hands”.
Mr Giovanacci said that Rosevale Letting is continuing to see high demand in the Glasgow market and surging demand as soon as properties go on the market. He stated that the company has had “an excellent start to the year”, which he attributed to “a combination of external market factors and also our commitment to a service-led approach.”
He added that the firm “constantly invest in staff and training to our clients”, resulting in a growing number of landlords and tenants recommending its services.
“Landlords know the buck stops with me and like dealing with someone completely invested and hands-on," he said. “We want to continue improving on what we do and to continue to re-invest in growing the portfolio so that we can achieve our ambition to become one of Glasgow’s, and Scotland’s, larger letting agents”.
Mr Giovanacci formed Rosevale Letting five years ago, after acquiring the lettings business of specialist property factoring firm Newton Property Management.
Find out about the latest UK businesses that have gone into liquidation
Read more about distressed businesses across the UK
Click here to download our free guide on finding and buying distressed businesses and assets
Confidential sale of a well-established lettings & estate agent in Leeds. The business has been trading for many years and has built up a fantastic reputation with hundreds of positive google reviews.
The business has been operating for over 20 years and has built up a fantastic reputation in their area. Boasting a portfolio of 700 and adding properties under management.
The company has traded for 16 years, based in the Northwest and operating nationally providing temporary staff to large corporate clients.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.