North East agent receives investment for growth

My Property Box – a North East-headquartered residential estate agency – has received a multi-million pound investment from BGF, one of the largest and most experienced investors in the UK and Ireland.

Founded in 2012 by Ben Quaintrell, My Property Box specialises in residential lettings, managing properties across the North East from offices in Darlington and Newcastle, serving both the professional and student markets. In addition to lettings, the company has a strong estate agency arm, delivering residential property sales for customers across the region. 

To drive expansion, My Property Box has made 10 acquisitions since 2019, with the aim of creating a platform of scale in the region. Funding from BGF will support its ongoing buy and build strategy.

The deal was led by James Baker, investor in BGF’s Yorkshire & North East team. As part of the investment, buy and build specialist Richard Smith has been named non-executive chair and will join the board at completion. 

He brings a wealth of experience in scaling buy and build platforms across various end sectors and will support the team in refining and executing its growth strategy.

Commenting on the deal, Quaintrell said: “The North East lettings market remains fragmented, presenting us with opportunity to capitalise on our successful buy and build strategy.

“To execute this, we needed a long-term investment partner that shared our vision and understood the potential that exists – both in the company and in the market. In BGF, we believe we have found this and we’re looking forward to taking our growth plans to the next level with the support of a trusted investor.”

Baker added: “My Property Box has a proven track record of executing its M&A strategy, with a clear ambition to scale at pace. It is set to build on this momentum, establishing itself as the residential lettings platform of choice across the North East. This is an exciting investment for us and we’re delighted to be joining Ben and the team on the next stage of their growth journey.”