Connells’ high end brand reports record trading year

John D Wood - which along with Hamptons is regarded as the prime end of the suite of agency brands now owned by Connells - has reported record trading results for its sales and lettings businesses.

In its last trading year the agency saw a 26 per cent increase in EBITDA - the commonly regarded measure of financial performance, standing for earnings before interest, taxes, depreciation, and amortization, 

Property sales transactions increased by 55 per cent and the brand reports a significant trend in off-market transactions.

The lettings business saw a 10 per cent uplift in new tenancies, with demand driven by property shortages in the sales market, as well as corporate businesses moving tenants internationally being more prevalent following easing of travel restrictions. 

In 2021 John D Wood & Co. opened a new office in Clapham expanding its South West London network, and also announced its move to a fully electric car fleet. 

This year the business celebrates its 150^th year of trading, with further expansion plans across London and the South of England. 

Polly Ogden Duffy, managing director at John D Wood & Co., says: "I’m delighted by our results, none of which could be achieved without the outstanding people we employ. I am immensely proud of our teams, their work ethic and their approach to the ongoing challenges from the pandemic.’’