Stirling Ackroyd continues growth momentum with acquisition of Lourdes
The lettings book of My London Home which was acquired by Stirling Ackroyd in March, will be absorbed into its portfolio and rebranded this Autumn.
Consisting of nearly a thousand managed properties, the portfolio spans from Fulham, the Royal Borough through Westminster, Nine Elms, Southbank, Tower Bridge and into Docklands.
The rebranding process is currently underway and will take full effect between the end of October and early November this year.
“Stirling Ackroyd has a strong presence in Central and East London and is an established high street brand. Since our acquisition of the business in July 2017, the new management team has put in place robust plans to grow the lettings and commercial divisions, and the absorption and rebranding of the My London Home portfolio plays a key role in this,” says Nick Dunning, MD of Nick Dunning Associates.
The business is well on the way to tripling its size over the next couple of years. Since the acquisition of the firm by Nick Dunning Associates, it has completed a £500,000 branch refurbishment programme, opened a new office in Dalston, relaunched Stirling Ackroyd New Homes and made its first sizable acquisition, My London Home.
This has been followed by the purchase of Lourdes in Westferry, creating a physical footprint in the Canary Wharf and Docklands area. Various other opportunities are being reviewed with some nearing completion.
As part of its expansion plans, Stirling Ackroyd is also looking at the Nine Elms area of London for new office premises and further opportunities for acquisitions.
To further strengthen the senior management team, Tim Van der Schyff has been appointed as managing director of group lettings at Nick Dunning Associates. Van der Schyff is responsible for overseeing the lettings portfolio of all brands under the company’s umbrella, including Townends Estate Agents and Stirling Ackroyd networks.
He joins from Countrywide plc where he was head of lettings for eight of the firm’s premium brands, overseeing the management and strategic direction of 44 branches in London, Surrey and the Home Counties. He has proven experience of developing and growing property agencies, as well as managing the rebrand of Fitz Gibbon and Faron Sutaria into John D Wood.
“We are pleased to have someone of Tim’s calibre on board. His vast experience of managing large scale lettings operations, and his achievements in growing some of the largest brands on the high street, is unrivalled. His expertise and knowledge of the London property market will greatly add to our already experienced senior management team, and will assist us in delivering sizeable growth,” says Nick Dunning.