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Countrywide profits boosted

Britain’s largest agency Countrywide has acquired Lanes Land and New Homes, a Hertfordshire and north London based firm. This has come as news unexpected after Countrywide upgraded its profits forecast to the City. Last month they won Gold New Homes Estate Agency of the Year at the Estate Agency of the Year Awards 2015.

Countrywide’s group residential development director, James Poynor, comments:  “We’re absolutely delighted to further increase our residential development offering. The acquisition of such an established land and new homes business further enhances our commitment to providing a truly market-leading service to developer clients”.

The deal is the latest in a series of acquisitions by Countrywide, as it continues to seek to further reduce its reliance on the sale of existing homes.

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