Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property Industry Eye. Read the original article for full details.

Dwelly Acquires AP Morgan Lettings, Adds 500+ Properties to Portfolio

Dwelly has completed its eighth acquisition of 2026 with the purchase of the lettings business of West Midlands estate agency AP Morgan. The deal adds more than 500 fully managed properties to Dwelly’s portfolio, bringing its total number of properties under management to nearly 14,000.

AP Morgan, founded in Redditch, has established a presence across the Midlands through its residential sales and lettings operations. Under the terms of the agreement, AP Morgan’s lettings business will join Dwelly, while the founding team will retain ownership of the sales business.

The existing lettings management team at AP Morgan will remain in place, ensuring that landlords and tenants continue to be supported by the current staff. Dwelly will integrate the acquired business into its platform, retaining the existing team and introducing its operational systems to support property management and compliance.

According to the report, the acquisition reflects increasing demand from estate agency owners who are looking to sell their lettings businesses while continuing to focus on residential sales. The deal was brokered by Atomic Consultancy.

This development is relevant for UK letting agents and inventory clerks as it highlights ongoing consolidation in the lettings sector and the importance of operational support and compliance in property management.