Belfast-based letting agency Quicklet has bought a business in Edinburgh for a seven figure sum.
Scottish property manager ACE Property is the latest acquisition by the fast-growing Northern Ireland property company.
It comes nine months after Quicklet bought the rental portfolio of Belfast estate agency Pinpoint.
Based in Bruntsfield, just outside Edinburgh city centre, nine staff from ACE Property have joined Quicklet following the deal.
The value of the deal has not been disclosed.
Founded in Lurgan in 2009, Quicklet is now headquartered on the Lisburn Road in Belfast.
It still has a branch in Lurgan, alongside an office in Lisburn.
Ace Property is the company’s 11th acquisition.
Quicklet director Gavin McEvoy said the property firm is actively looking to make further acquisitions in Belfast and Edinburgh.
He said the three-year goal is to have 5,500 properties under management by 2026.
“The acquisition of ACE Property is exciting as it allows us further build our portfolio of managed properties in such a buoyant market, especially in student-dense cities,” he said.
“This purchase is the perfect fit for our business and further strengthens our footprint in Edinburgh, following the acquisition of Albany Property in 2019.
“The ACE property team are well established in the business and we are very much looking forward to welcoming the team to Quicklet.”
Co-director Dermot O’Hanlon added: “We are delighted to be expanding further into the Scottish market with this purchase.
“At Quicklet, we are committed to further growth and have a clear vision of where we want to take the business.
“The strength of the entire team we have built over the years is allowing us to realise our vision for the business.”
