MOVERS & SHAKERS


ACQUISITIONS


OPENINGS


LAUNCHES Who grows there?


‘If you can keep your head when all about you are losing theirs...’ There is still courage and growth in the property world.


TWO MORE AUCTION HOUSES JOIN LENDER AUCTION FINANCE


Paul Fosh Auctions in Wales and Auction House Leeds are the latest property auction houses to team up with lender Auction Finance Limited to offer faster funding to purchasers. Paul Fosh Auctions has eight auctions lined up for 2012 taking place every six weeks in Cardiff. The business recorded sales of £16.75m in 2011 from 304 lots sold out of the total of 406 offered. It auctions a range of properties including industrial, residential, commercial, offices, garages and plots of land, on behalf of a range of owners. Paul said, “We’d heard good


reports from property investors who have used Auction Finance


WINKWORTH OPENS IN GRANTHAM


Winkworth has opened an office in Grantham. The office will cover the town and surrounding villages such as the Vale of Belvoir, Long Bennington, Allington, Harlaxton, Colsterworth, Manthorpe, Belton, Barrowby, Great Gonerby and Old Somerby. Best known as the birthplace


of Margaret Thatcher and the place where Sir Isaac Newton went to school, Grantham sits in South West Lincolnshire. The town offers excellent links locally to Lincolnshire and further afield to London via the A1 Great North Road and many rail routes.


The office will be run by Associate Director Adam Lascelles, who has more than 17 years’ experience in the residential property market. Adam said, “We felt this was


a fantastic opportunity, with Winkworth’s already successful offices in Lincoln, Newark, Sleaford, Bourne & Market Deeping, in addition to 60 offices in London. We felt a natural progression to fill in a natural gap linking Lincolnshire with London


putting our buyers and sellers in a prime position to move in 2012. “We are thrilled to have experienced individuals who have a proven track record bringing together a fantastic team, with huge enthusiasm. “Grantham really is the ideal


relocation package. There is no shortage of leisure, cultural and sporting opportunities and for the foodies there are many great eateries in the towns and villages around here.”


LEAPING LOVEITTS!


Loveitts ‘leapt’ on 29th February to the cries of the local Town Crier to announce the opening of their new office in Nuneaton. Located on Coventry Street, the new office was formally opened by Directors Peter Rosier and John Pugh, with the help of Paul Gough, Nuneaton’s very own Town Crier! Peter Rosier said, “To open a new


office in such a challenging market is perhaps a brave step in the midst of the most difficult recession in the property market any of us have ever experienced. However we believe that this is a clear illustration of our commitment and confidence for the future. We look to provide the people and


businesses of Nuneaton with our continuing professionalism and excellent service standards.” Local man Chris Corbishley-


Forbes is the Branch Manager, heading up a team of professionals, Paula Baynes and Deanna Williams (pictured), able to deal with all aspects of Residential Sales and Lettings. Auctions and Commercial services are also available from this office. Established in 1843 Loveitts are the largest independent multi disciplined practice of Estate Agents, Chartered Surveyors and Property Auctioneers in Nuneaton, Coventry and the Warwickshire area.


PROPERTYdrum APRIL 2012 65


and we’ve wanted to work with the team for a while. This arrangement gives us a competitive advantage to enable purchasers to secure funds quickly to get the property they want on the day. We’re ambitious for further growth in


Wales and working with Auction Finance Limited enables us to offer more services to investors.” Meanwhile in Leeds, the fast growing Auction House Leeds has gone from employing two people to ten in just two years and has seen a 160 per cent increase in the number of lots sold at its auctions held at Leeds United Football Club. The agreement with Auction Finance Limited means that investors can get funds transferred within 24 hours following completion of an auction. David Pank, Director of Auction


House Leeds has eight auctions booked for 2012, he said, “This arrangement gives us a competitive advantage to enable


purchasers to secure funds quickly to get the property they want on the day. We’re one of the fastest growing auction houses in the UK and we’re ambitious for further growth across Yorkshire in 2012.” Scott Hendry, National


Development Manager of Auction Finance Limited, said, We’re pleased to be working with Paul and with David. The most important thing for property professionals buying at auction is the ability to complete quickly. Having funds in place enables better opportunities to be completed so that property professionals can profit from the transaction after redevelopment or securing tenants sooner.”


MERGERS


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