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

Dwelly Surpasses 14,000 Properties Under Management After Shaws Acquisition

Dwelly has announced it now manages over 14,000 properties, following the acquisition of Kensington-based letting agency Shaws. The addition of approximately 250 properties from Shaws brings Dwelly's total portfolio above this milestone.

The acquisition of Shaws marks Dwelly’s ninth deal this year. Shaws, established in 1994, operates from a single branch in Barons Court with a team of twelve staff. The agency is recognised for its expertise in the Queen’s Club Gardens market and is known for providing a personalised service based on local knowledge and long-standing client relationships.

Following the acquisition, Shaws’ Managing Director Dan Glewis will remain with the business to ensure continuity for landlords, tenants, and staff as the agency transitions under Dwelly’s ownership. John Reed, the outgoing Chief Executive and major shareholder of Shaws, commented on the benefits of joining Dwelly, including access to technology and operational support.

Dwelly’s approach to growth involves acquiring firms and integrating them with its platform while retaining their brand identity, staff, and management. To date, Dwelly has acquired 18 firms. The company recently raised approximately £69 million to support its acquisition strategy.

With this latest acquisition, Dwelly’s managed portfolio now exceeds that of Foxtons, though it remains smaller than The Property Franchise Group, which manages around 150,000 homes.

This development is relevant for UK letting agents and inventory clerks monitoring consolidation and technology-driven changes in the property management sector.