Estate agents Wetherell and Dexters have formed a new partnership to enhance their lettings and property operations in London
The partnership will see further boosting Dexters’ £100m turnover estate agency business.
The Wetherell name won’t change and chief executive Peter Wetherell will continue to head up Wetherell’s Mount Street office offering a full range of estate agency services.
The alliance will provide Wetherell with unrivalled marketing and operational resources to rapidly expand their lettings and property management business.
Over 55% of Mayfair properties are currently rented and Wetherell plans to double the size of its lettings and management department to service this growing sector, drawing upon Dexters’ support and experience of working with 27,000 landlords across the capital.
Dexters’ corporate letting and international relocation team handle 200 enquiries a week from global blue-chip companies and institutions relocating employees to London.
Wetherell will also leverage Dexters’ New Homes division and client base, which includes 100 developments currently being advised on or marketed, coinciding with Mayfair’s current building boom that will see over 500 new homes created, increasing the area’s population by 25%.
Peter Wetherell, chief executive of Wetherell says: “As an independent estate agency specialising in Mayfair for the last 37 years, I have been seeking a partnership that will provide Wetherell’s clients with a Londonwide branch network and staff resource to tap into, Dexters is the perfect choice.
“The partnership with Dexters will allow me to strengthen and grow the Wetherell business over the coming years. Lettings are our first priority and Dexters will be working with Wetherell to provide enhanced lettings services and property management support.
“Working together will allow for a strengthened brand presence across Prime Central London, greater market intelligence and resource sharing in order to meet our clients’ every need.”
Jeff Doble, chairman of Dexters says: “We are delighted to be working alongside Peter, Dexters have 35 offices in central London and currently have 80,000 customers looking for a London home. We are particularly strong in corporate lettings and International relocation, as well as first class property and building management.
“We are committed to help Peter grow his business and have an initial five year plan to work increasingly closely. It can be hard work running an independent business nowadays and we have the resources to free up Peter and his team, so they will have more time to focus fully on their clients and their property.”