Paramount Properties

Acquirer: Dwelly

Lettings and property management firm Dwelly has announced the acquisition of Paramount Properties, a London-based business, significantly expanding its portfolio and reinforcing its standing as a major player in the UK's lettings sector.Summary of transaction details:Value: UndisclosedSector: Business Services (Property Management)Advisor: Not specifiedKey Entities: Dwelly (Acquirer), Paramount Properties (Target)Location: London, UK (for Target)Note: This strategic takeover enables Dwelly to grow its national network to over 15,000 properties under management, focusing on acquiring established agencies with strong local reputations and potential for growth, while maintaining operational efficiency and client-focused service.

Acquirer: Dwelly

Dwelly has acquired Paramount Properties, a London-based lettings and property management firm, adding approximately 1,100 fully-managed properties to its portfolio and expanding its national network to more than 15,000 properties under management. Summary of transaction details: Value: Not disclosed Sector: Business Services Advisor: Not disclosed Key Entities: Dwelly (Acquirer), Paramount Properties (Target) Location: London, UK Note: This acquisition reinforces Dwelly's position as one of the UK's largest lettings businesses, expanding its London footprint with Paramount's established presence across more than 80 postcodes. The deal aligns with Dwelly's strategy of acquiring established agencies with strong local reputations to drive growth through enhanced service delivery.