Portsmouth-based Bernards Estate Agents has announced its partnership with independently-owned lettings agency, The Flat Agency.
The new business will now offer expertise in commercial and residential sales, new homes, property development as well as financial services.
The owners of The Flat Agency, Gary Penney and Andy Peters, who established the company in 2006, will relocate to the new Portsmouth branch alongside office manager Harley McBride.
Bernards Estate Agents said the merger is part of plans to grow its capabilities and foothold in Portsmouth’s rental market with acquiring the Flat Agency’s portfolio of manager rental properties across the area.
Bernards managing director, Daniel Byrne said he is “delighted” to create a formal partnership with The Flat Agency.
He said: “Bernards performed superbly in 2019. Even though the market is going through a period of uncertainty due to Brexit and the recent tenant fee ban, we’re enjoying an exceptionally busy period in both our lettings and sales divisions.
“I decided to team up with The Flat Agency to support our growing business and to strengthen our already established brand in a market where the so-called “traditional estate agent” is under threat.”