One of Worcestershire’s most well known estate agency brands has undergone an MBO, which has resulted in some redundancies.
The 50 year old brand of Andrew Grant has been bought by the established senior team, along with two local independent backers.
A statement by the new team said that a restructured version of the traditional agency model will continue to trade efficiency for clients while increasing the levels of personal service.
Last year the company said it was closing a number of its outlets, saying high street offices are no longer much needed and centralising operations would help it cover a bigger patch. It said that it would establish a ‘hub’ style of agency, with staff visiting clients rather than the other way around.
Joanna Monro, Chief Operating Officer, said: “We wish Andrew well with his next chapter and thank those staff who have sadly been made redundant as part of this process. I want to thank my colleagues amongst the management team for their hard work and dedication in completing this transaction in order to protect the legacy of the brand; and we now look forward to utilising the best technologies and people to provide an unrivalled customer experience.”
Andrew Grant adds: “I am extremely supportive of the new ownership and am confident that it is in the safest of hands. I wish them all the best”.
Andrew began his career, aged 16, at Arthur G. Griffiths and Sons, an agricultural auctioneer. He said: “My first auction was of mistletoe, sent to be sold by the nuns of Stanbrook Abbey, some forty years later I would sell the Abbey on their behalf for around £5million.
“With a loan from my brother, on 1st April 1971, I set-up in business, at Pierpoint Street, Worcester. My first break came with some publicity gained in my first three months, when I had managed to secure the sale of Spring Grove, more commonly known today as West Midland’s Safari Park.
“The park was owned by the Webb family, famous for Webbs Seeds. The late owner, Major Harcourt-Webb, a solicitor who’d created the Severn Valley Railway, had hoped that the two leisures would go hand in hand, but learned that the property company managing the sale intended to split the entire estate. I was asked to trace Jimmy Chipperfield to ascertain if he was still interested in purchasing, and with Lord Derby he did.”
Andrew Grant estate agency took over the office of Savills in Hereford when they were unable to make a go of it, as well as more recently their Solihull office when it was shutting down.