Foxtons (GB:FOXT) has released an update.
Foxtons Group PLC has expanded its presence in the UK property market by acquiring Haslams Estate Agents and Imagine Property Group for a total initial consideration of £12.6 million. These strategic acquisitions in Reading and Watford, key commuter towns with strong economic growth prospects, are expected to enhance Foxtons’ recurring lettings revenue and increase its branch footprint to 64 locations. By leveraging its advanced technology and operational platform, Foxtons aims to achieve significant profitability growth and strengthen its position in the lettings market.
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