Aberdeen’s Grouse Lettings expands portfolio by 295% through strategic acquisitions

Aberdeen’s Grouse Lettings expands portfolio by 295% through strategic acquisitions

Babs Buglass, Neale Bisset, PMC Property and Ross Watt, Grouse Lettings.

Grouse Lettings, a residential property management and leasing business, has expanded its property portfolio by 295% following two acquisitions.

The Aberdeen firm has acquired Babs Buglass Leasing and the long-term lettings side of the PMC Property business. The combined valued of the deals is six-figures.

Babs Buglass, founder and director of her leasing firm, will join the Grouse Lettings team. Having sold the residential lettings part of the business, Neale Bisset, co-chairman, and Simon Hudson, managing director, have exited the long-term rental sector to focus on the factoring and short-term rental division of PMC Property.

The deals mean Grouse Lettings’ portfolio of managed properties increases to 281, up from 71 – a rise of 295%. Grouse Lettings will now be processing annual rents of £2.4m.

Ross Watt, managing director of Grouse Lettings, said: “We’re delighted to have made these acquisitions. The addition of Babs brings a wealth of knowledge to our team, and we’re thrilled to have her on board. Neale, Simon and Babs were excellent to work with during the acquisition process.

“We see a significant opportunity to enhance the service provided to landlords and tenants. These acquisitions mark an exciting new chapter for Grouse Lettings as we aim to take the business to the next level with our customer-focused approach. We would not rule out further acquisitions in the Aberdeen area.”

Grouse Lettings has a landlords’ portal to keep them informed and updated. It also offers virtual tours of residential properties as well as evening and weekend viewings. Watt, who has nearly 20 years of experience at senior level in the property management and leasing sector, founded Grouse Lettings in 2020 as a part-time venture. Earlier this year, he exited his role as shareholder and commercial director at Newton Property Management to focus on Grouse Lettings.

Grouse Lettings has an office on Queen’s Terrace, and the lettings operations of PMC Property, based in Oldmeldrum, and Babs Buglass Leasing, in Westhill, will now be managed from the West End location. Grouse Lettings manages residential properties for rent in Aberdeen, Aberdeenshire and Angus.

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