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.

Jefferies London Acquires Grange London to Expand Prime Lettings Portfolio

Jefferies London has acquired independent estate agency Grange London as part of its expansion in the capital’s prime lettings market. The acquisition brings a managed portfolio of more than 100 properties into Jefferies London’s business, enabling its partner agents to offer a fully managed lettings service alongside residential sales.

Grange London, based in Paddington, will continue to operate with its existing team. Mez Callender and Christina Lipper will remain in their leadership roles following the acquisition.

The deal is described as the latest step in Jefferies London’s expansion plans. According to the company, it has increased its headcount by 30% this year and aims to almost double its network of partner agents by the end of 2026.

Jefferies London also highlighted its investment in technology to support agents, including the development of its proprietary AI assistant, J.E.S.S.E., which the company says has improved operational efficiency.

This acquisition and ongoing investment in technology and personnel are relevant developments for UK letting agents and inventory clerks, particularly those operating in the prime London market.