Property firm snaps up independent agency to hit £1m turnover mark

The independent Sutton-based property business Centro PLC has acquired Cheam and Mayfair based Christies Estate Agents Limited.  

The new combined agency is estimated to have a turnover of over £1m from residential sales, lettings and financial services within the multi-disciplined Centro Group.

Christies’ Andrew Richardson stays as residential sales director and all Christies’ staff members join Centro. Christies’ brand will remain. 

“We’re satisfied the transition will move us on to our realistic short-term turnover of circa £5m with a strong asset base of three times that figure” says Ray Harwood, Centro’s chairman.

Andrew Richardson from Christies adds: “I’ve thoroughly enjoyed five decades of success in the challenging yet ultimately rewarding field of residential property sales and am extremely excited at the prospect of working alongside the Centro team. I believe it is the perfect marriage of all the professional skills and resources required.”

Christies Estate Agents Limited was established in 1938, offering a comprehensive range of property services on the Surrey and South London borders, as well as Mayfair interests.

Centro PLC has been run by the Harwood family since 1990. 

It has expertise in providing full residential block management and are accredited to deal with insurance matters; it is active in commercial sales, lettings and consultancy in Surrey and south London and owns a portfolio of commercial and residential investments.