Mistoria Group, owners of Mistoria Estate Agents, North West specialists in residential and student property sales and lettings, have purchased “Pick My Pad”, the Walkden based lettings and estate agency who have approximately 200 properties under management across Greater Manchester.
The acquisition of the business is part of Mistoria’s continuing growth strategy and follows on from the launch of their third estate agency office in Bolton announced earlier this year. All Pick My Pad staff will continue in the new business and will aim to build on their extensive landlord support services. They currently manage properties for more than 150 landlords covering areas from Widnes to Oldham and across the whole of Greater Manchester.
Mish Liyanage, Managing Director of The Mistoria Group comments: “The friendly acquisition of Pick My Pad is in line with my vision in the next three to five years for Mistoria to manage over 1000 properties and over 5000 tenancies and to be the preferred employer in the real estate industry in the North of England. With this acquisition the number of branches will also increase to five.
Pick my Pad, under Oliver Press has been a very successful business over the last 9 years especially in the Walkden and Little Hulton areas so it is an excellent fit with Mistoria geographically, operationally and financially. It was an easy decision for Mistoria to make to acquire this business and take it to the next level with my team.”
Commenting on the sale Oliver Press said: “I have stepped away from the business as I felt I had taken it as far as I could, and it was time for it to grow. I feel with the current set up at Mistoria it is perfectly placed to go from strength to strength.”