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Build & Sustainability

Darlington’s My Property Box expands North East housing market presence with deals

An estate agent has hailed its “significant growth trajectory” after completing two takeovers.

Darlington-headquartered My Property Box has bought Acorn Properties and KIS Lettings.

The firm says Newcastle’s Acorn and KIS – latterly based in South Shields – will “further strengthen its position across Tyneside, Wearside, north Durham and Northumberland”.

The deals mean My Property Box has completed nine acquisitions in the last four years, with companies including South Shields-based Westoe Lettings and Groves Residential having previously joined its stable.

Acorn Properties advertises more than 800 homes a year, with KIS’ 130-strong portfolio covering South Shields, North Shields, Newcastle and Sunderland.

Under the terms of the takeovers, all 14 Acorn staff will be retained, together with its Jesmond office, with former owner Louise Greetham remaining to manage operations.

KIS, founded by entrepreneur Ajay Jagota, has transferred to Groves Residential.

Ben Quaintrell, founder and managing director of My Property Box [pictured, above, left, with Louise Greetham and ex-Acorn owner John Henderson], said: “Both acquisitions highlight the significant growth trajectory of this business.

“Clients of Acorn and KIS can expect the same high standards of service and that all-important local knowledge and expertise.”