Independent agent acquire rival after owners retire

Pattinson Estate Agency has acquired a rival brand.

The independent agency has announced the takeover of Ryedales Estate Agents, a well-established agency in Cramlington.

There will be a transitional period where both brands will work together until the official takeover on 1 December.

Owners of Ryedales, Geoff and Lynne Stockdale, said: “It is with regret that after over 35 years we announce our reluctant retirement due to ongoing health issues. 

“We would like to reassure our customers that they will continue to receive the same high level of service without any inconvenience and disruption.”

Caroline Pattinson, managing director of Pattinson Estate Agency, added: “Whilst we are sad to see the end of an era with Geoff and Lynne's retirement, we are more than happy to ensure that this is a smooth transition for their clients. 

“Estate agents work together more than people would think, and we have had a good working relationship with the Ryedales team for a long time. Geoff and Lynne have placed a great deal in trust in passing across their clients to us, they have focused on offering an excellent service and we were delighted that they chose us to carry that on. 

“Our neighbouring branch in Cramlington will become the new point of contact for sellers on the market, with our sales progression team assisting those sellers who are currently under offer and the property management team working with landlords. We wish them all the best in their next chapter.”