North London-based Anthony Pepe has announced the acquisition of Stonehouse Estates, a local estate agency in Tufnell Park.
The acquisition marks the retirement of business owner Tony Michaels, who has successfully built Stonehouse Estates into a highly respected agency. All existing staff will remain in place and transition to the Anthony Pepe Group.
This strategic expansion increases Anthony Pepe’s lettings and management portfolio and brings the agency’s network to six offices, significantly enhancing its presence in North London and reinforcing its footprint across Tufnell Park, Islington, Archway, and the Camden borders.
For the time being, Stonehouse Estates will continue to operate under its well-established brand, which has served the local community since 1999.
Charlie Perdios, chief executive officer at Anthony Pepe, commented: “Tony [Michaels] has built a business with a strong reputation for professionalism and care, and we’re honoured to continue that legacy.
“We’ll be investing in people, marketing, and technology to support the team and enhance the service provided to local clients.
“We remain committed to growth and anticipate announcing further acquisitions in the near future.”
Michaels added: “Finding the right people to carry the business forward was incredibly important to me. I’m confident that Charlie and the team at Anthony Pepe share the values we’ve stood by for over two decades. I know our clients and staff will benefit from fresh energy, experience, and a wider network of support.”
Read the orginal article: https://propertyindustryeye.com/estate-agency-changes-hands-following-owners-retirement/
