AN award-winning Portadown-based estate agency has changed hands.
Hannath on Bridge Street, has been purchased by three directors from within the business, with investment support by First Trust Bank.
Alastair Glass, Gary Little and Ciaran McKendry have each played a key role managing the business for over 12 years and are taking over from founder Michael Hannath, who will remain involved as a consultant to the business.
The company, which is the largest single estate agency practice outside of Belfast, employs 17 people across a range of property related services including; residential and commercial sales and lettings, property management, professional services and valuations.
A three-time Northern Ireland Gold winner at the National ‘Estate Agency of The Year’ Awards, the new owners plan to capitalise on an already strong reputation to grow the business.
New managing director, Alastair Glass said there are "exciting developments" planned for Hannath.
“We are delighted to announce our acquisition of Hannath which begins a new chapter for the business. We have exciting developments on the horizon and whilst we are already well positioned in the local market, we have ambitious plans to increase our presence across neighbouring towns."
“The transition has been seamless - our name, our brand and all our people will all remain the same. Hannath have helped over 350 families move home in 2018 already, and we remain very much a client and family focused business," Mr Glass said
Kevin Fitzpatrick, business acquisitions manager at First Trust Bank said they are proud to support the new owners of Hannath.
"The team has put over 30 client’s homes on the market this month alone, and we have no doubt that the business will continue to grow from strength to strength under their leadership.”
