Bowman Rebecchi expands into residential market with Newton Letting joint venture
Gourock-based commercial property firm Bowman Rebecchi has expanded into the residential letting sector with Glasgow-headquartered agency Newton Letting.
Bowman Rebecchi Letting, operated by Andrew Bowman and Marco Rebecchi, is a collaborative venture, jointly owned with Newton Lettings’ managing director, Riccardo Giovanacci. It will inherit Newton Letting’s tried and trusted models, processes, and expertise.
The new partnership is aiming to establish a leading position in the west coast of Scotland residential lettings market, with target areas including Greenock, Gourock, Inverkip, Kilmacolm, Bridge of Weir, Largs and beyond.
Andrew Bowman said: “This is an exciting natural development for Bowman Rebecchi, with many existing clients asking us to manage their commercial and residential portfolios.
“Partnering with Riccardo enables the business to hit the ground running and enables a seamless transition from the commercial to the residential market.
“Bowman Rebecchi has established a successful commercial property company in a short space of time, and we continue to look at new ways to grow the brand.”
Newton Letting’s portfolio stands currently at just over 600 units, let on behalf of around 400 landlords. The business has invested consistently in new staff and technology since its buyout in 2019 to enable it to provide an enhanced service to clients.
Celebrating its launch, Riccardo said: “I am excited by this tremendous opportunity to enter a joint venture agreement with Bowman Rebecchi, which will offer our established expertise to the west coast residential marketplace.
“There are considerable opportunities to grow the business, and in Andrew and Marco, both of whom I have known for many years, I have the ideal, trusted partners.
“Their local presence and knowledge of the market, combined with our proven systems and processes, makes me highly confident that this initiative will prove a winner.”
Marco Rebecchi added: “This is a smart move for both parties and enables us to utilise each other’s strengths to help to grow the new business.
“Bowman Rebecchi has built a fantastic reputation since its launch and continues to enjoy growth in its portfolio and client base. We always listen to our client’s feedback and believe strongly that this is a natural progression, which adds another string to our bow.”