Foxtons Group completed the acquisition of Haslams Estate Agents and Imagine Property Group for £16m.

Foxtons Group, an estate agency, completed the acquisition of Haslams Estate Agents and Imagine Property Group, two estate agents, for £16m. "Our latest acquisitions add to our strong track record of identifying, acquiring, and integrating high quality lettings businesses to deliver attractive returns and are a key part of our strategy to deliver £25-30m adjusted operating profit in the medium term. We are delighted to have completed the acquisitions of Haslams and Imagine as we continue to pursue acquisitive lettings growth, to supplement our organic growth strategies. We have been impressed with the quality of both businesses which hold established leadership positions in their local markets and have built long-standing client relationships over many years, making them a great fit with Foxtons. "Reading and Watford are new markets for Foxtons and reflects our confidence that the Foxtons Operating Platform, and in particular our technology, data and reach can unlock new growth opportunities in these new markets," Guy Gittins, Foxtons CEO.