NORTHERN Ireland residential letting agency Quicklet has acquired the the rental portfolio of Belfast estate agency Pinpoint for an undisclosed sum.
With two offices in North and South Belfast, Pinpoint was established in 1999 by Nicholas Brennan and subsequently acquired Brian Morton estate agents in 2007.
Six staff have transferred from Pinpoint to Quicklet as a result of the acquisition.
Now headquartered on the Lisburn Road in Belfast, Quicklet was originally founded in Lurgan during 2009.
It also has offices in Lisburn and Edinburgh, following the 2019 acquisition of Albany Lettings.
Company owners Dermot O’Hanlon and Gavin McEvoy said they are looking at opportunities in other major urban hubs across the UK and Ireland, in addition to further potential purchases in the Northern Ireland market.
“We are growing and evolving our business and looking for further opportunities for expansion,” said Gavin McEvoy.
“We have built a very strong management team and we are excited to take the business forward.”
His co-director Dermot O’Hanlon, said the pair have a clear vision for where they want to take Quicklet.
“We have acquired a major business in Scotland and added again to our portfolio here with this purchase,” he said.
Pinpoint managing director, Nicholas Brennan described the deal is “a win-win” for both companies.
“We have been in discussions with Quicklet for quite some time because we wanted to be sure our clients and team will be good hands,” he said.
“Quicklet are specialists in the space and this sale provides an opportunity for me and my sales team to focus on what we do best – residential sales and diversify further into block management.”
