Editor's note: This brief was summarised by The Property AI Newsroom from a report by Letting Agent Today. Read the original article for full details.
Hawthorn Capital Seeks More Agency and Property Management Acquisitions
Private investment company Hawthorn Capital has announced that it is looking for further acquisitions in the agency and property management sector. The announcement came a day after the firm revealed its acquisition of Xenia Property Group.
Xenia Property Group manages over 4,000 homes and specialises in block management, residential lettings and student lettings. Hawthorn Capital says this acquisition is just the start of its plans in the sector.
What it means for agents
The report signals continued investment interest in UK lettings and property management businesses. Agents and inventory clerks may see further consolidation as Hawthorn Capital pursues additional acquisitions, though the report gives no specific targets or timelines.
Source: Letting Agent Today