Alexander Hall is to expand its branch network and broker headcount following the takeover of parent group Foxtons by BC Partners for 390m.
Chief operating officer Andy Pratt says BC Partners is backing the plans, which will see Alexander Hall open more offices in Guildford and Surrey, where it only has one office, and expand further in London.
Pratt says: “BC Partners liked our business model and is keen for us to continue our strong growth. It is very much business as usual otherwise. There are no changes other than Michael Brown becoming chief executive officer once the deal receives regulatory approval.”
Pratt says the number of brokers is set to increase by a third by the end of the year.
He says: “We have increased the number of mortgage advisers from 45 to 90 over the last year and we have around 60 currently in training. We hope to have about 120 advisers in place by the end of this year.”