Reeds Rains under new management

REEDS Rains estate agents is delighted to confirm that from January 1, their Northern Ireland branches will operate under the ownership of established local agents Ryan Andrews and Michael Graham - who originally managed the branches - together with colleague, Nigel Favas. The trio has bought the business under a franchise management buyout.

The move is seen not only to cement Reeds Rains’ commitment to Northern Ireland but also draws on the strength of existing, highly successful, managers to drive the business forward - but now as a locally owned and operated franchise.

The branches concerned are Belfast (Lisburn Road), Lisburn, Newtownards, Glengormley, Carrickfergus and Bangor. Two existing Reeds Rains branches in Andersonstown and Portadown will be absorbed within the new network and customers transferred as appropriate although this is expected to have no effect on the normal high levels of service offered to them.

The agency - which, with the support of Ryan and Michael, are acknowledged as Northern Ireland Lettings Agency of the Year at the highly regarded Lettings Agency of the Year Awards 2012 - has already experienced great success locally. Ryan and Michael have been determined to maintain local Reeds Rains services abnd, so confident are they of its success, are also looking to expand Reeds Rains coverage locally.

Michael commented: “Ryan and myself are passionate about the business and, having successfully built such a good reputation locally, were keen to take the business to another level and expand and develop our services further - along with Nigel. As franchise owners of the branches we can do this but the added advantage that we can have an established brand and all the support and strength of Reeds Rains , part of the 400+ national branch network of parent company LSL Property Services PLC.

“Part of the attraction as owners has also been the fact that we also now own the Master Franchise License for Northern Ireland and will be actively seeking new franchises to join Reeds Rains. It means the Reeds Rains brand in Northern Ireland is very much here to stay.”

Oliver Blake, managing director for Reeds Rains commented: “I am delighted that Reeds Rains can make this announcement at the start of the New Year. I feel confident that under Ryan, Michael and Nigel’s guidance - drawing on their superb business acumen and huge combined experience - they will be able to build on the existing success of the brand and ensure Reeds Rains continues to be the award winning agency of choice in Northern Ireland.