The Letmore Group was established in 1999, which brought together three thriving lettings businesses; PMS Letting & Management Services (established in 1989), Forest Bureau (established in 1966) and Churchill Lettings (established in 1990).
Countrywide’s acquisition of The Letmore Group includes the rights to grow and expand the three existing brands beyond their current network of seven offices in key rental hot spots South Woodford, Woodford Green, Loughton, Buckhurst Hill, Stratford, North Chingford and Walthamstow.
The news follows Countrywide’s high profile acquisition of Hamptons International last month and its network of more than 80 estate agency and lettings branches.
Phil Spencer, managing director of The Letmore Group said; “I’m incredibly proud of the business we’ve grown but felt we had reached a stage where we needed to expand further by either an injection of substantial investment or to join forces with a major company that had the resources to take The Letmore Group to the next level.
“Countrywide offers the best future for The Letmore Group and will build on our existing brands by offering new investment and new opportunities for our staff and for the business to grow as part of a network of 1,300 offices.”
Phil Spencer will continue in his role as a consultant for the next 12 months to ensure a smooth hand over, having spent more than 20 years growing the business.
