Property agency Bond Wolfe is confident of further expansion this year after 2016 brought a 50 per cent jump in transactions.
Managing partner James Mattin said there was “strong evidence of an increase in cash buyers coming to the regional market who are unable to find value in the major cities”.
Brexit, he reported, had no negative impact with both sales and lettings continuing to grow.
“We were delighted with the growth and progress we made in 2016 in what was always going to be an uncertain market,” he said.
“We transacted our highest volume of sales and lettings ever and were particularly pleased with the number of investment sales we managed to conclude. We continue to expand and our increasing portfolio of corporate clients is testament to the service we provide.”
The business saw a particularly successful end to 2016 with some key sales and acquisitions.
Highlights included the combined sale of 11 Bird Street, Lichfield & 17 Mere Green Road, Sutton Coldfield for £1.225 million to Redd Investments Ltd. Bond Wolfe also sold Victoria House, a 6,700 sq ft retail and office complex in West Bromwich to an unnamed regional investor for £700,000.
A 20,000 sq ft warehouse and offices in Northgate, Aldridge, sold for £565,000, and Metro Court, the 25,000 sq ft former Yellow Pages headquarter building at 150 High Street, West Bromwich, was let to a residential conversion specialist in one of the largest-ever lettings in the town.
Sales of development sites increased too, culminating in the sale of the former Batman’s Hill Pupil Reform Centre in Tipton for £550,000.
Bond Wolfe’s growth has enabled the firm to expand its team and bring in David Grubb as an additional fee earner.