Paramount Properties

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: Undisclosed
• Sector: Business Services (Property Management)
• Advisor: Not specified
• Key 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.