My Property Box lands fresh BGF funding to expand across northern England
What's the deal? Darlington-founded My Property BoxDealroom has a profile for this one. Try Dealroom → has secured follow-on funding from investment company BGFDealroom has a profile for this one. Try Dealroom → to drive expansion across the North of England. The residential lettings, property management and estate agency group builds on BGF's initial backing in 2024.
What's the endgame? Founded by Ben Quaintrell in 2012, the business has completed eight acquisitions since the first investment, taking its total to 18. It has expanded beyond its Darlington and Newcastle offices into North Yorkshire and Cumbria.
Why now? Its purchase of the residential sales and lettings arm of H&H Land & Estates marked its entry into the North West, making it one of Cumbria's largest estate agencies. Earlier deals included Middlesbrough-based Horizon Sales & Lettings' lettings portfolio and County Durham agencies Ready to Rent and Newton Assets.
The latest funding will support further expansion, plus investment in leadership and operational capabilities, Quaintrell said.
Who's steering it? The company has appointed Matt Thompson as chief operating officer, a newly created role. Thompson brings more than 20 years in residential property, with senior positions at ChestertonsDealroom has a profile for this one. Try Dealroom →, Douglas & Gordon and FoxtonsDealroom has a profile for this one. Try Dealroom →. He will oversee group performance, commercial strategy and the integration of future acquisitions, working with Quaintrell and chief financial officer Will Maddock.
"We've got real momentum in the business and a significant opportunity to continue growing across the North," Quaintrell said. "BGF has been a great partner to us, and this further investment gives us the firepower to build on that momentum."
The signal: James Baker, investor at BGF, said the group had "established a strong position in the Northern residential property market, supported by a proven track record of acquisitions." The repeat backing points to continued investor appetite for consolidation among regional UK property agencies.
Read more: bdaily.co.uk
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