Dexters has acquired award-winning London estate agent Marsh & Parsons from LSL Property Services plc (LSL), creating London’s leading agency operating 150 offices across London, with 2,000 colleagues serving over 37,000 landlords and advising on the sale of over £5 billion worth of property per year.
The new combined business will have an annual turnover of over £180 million and handle over 35,000 property transactions per annum. Dexters will retain the Marsh & Parsons brand name, which is very well renowned in the London market, and over the coming years, plan to double the size of the Marsh & Parsons business in line with the ongoing expansion of Dexters.
Andy Shepherd, the ceo of Dexters, says: “Dexters has acquired Marsh & Parsons because we admire the business, which is a well-established London brand with a loyal following of clients and has a very similar culture to Dexters with a focus on providing customers with strong local expertise across the capital. We plan to double the size of Marsh & Parsons, developing a market leader that stands apart from the competition.”
Justin King, chairman of Dexters, says: “The acquisition of Marsh & Parsons is another important step in the ongoing growth of Dexters. The Dexters group now has more local offices and a greater presence than any other estate agency in London. Dexter’s group is the market leader offering an unrivalled personal service to buyers, sellers, landlords and tenants across the capital.”
Marsh & Parsons, founded in 1856 and originally led by William Marsh and Frederick Parsons, currently has 30 London offices and over 300 staff. The involvement of the founding families in the business ended in 1956, and since 2011 Marsh & Parsons has been owned by LSL.
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