Sourced targets at least £10m of agency acquisitions
Around eight further acquisitions are in its pipeline, with most expected to complete before the end of 2026.
Sourced has confirmed plans to invest at least £10m in estate and letting agencies across the UK.
The property group completed four acquisitions during the year, including national estate agency network Open House.
The deal added 104 franchisees to the group.
Around eight further acquisitions are in its pipeline, with most expected to complete before the end of 2026.
Each deal would be subject to financial, legal and operational checks.
Stephen Moss (pictured), chief executive officer at Sourced, said: “AI is now coming up regularly in our conversations with agency owners.
“Some are excited about the opportunities it creates, but others are genuinely concerned that their business could be left behind if they do not continually invest in new systems and change the way they operate.
“Many have already spent years adapting to new regulation and technology.”
Moss added: “They are now asking themselves whether they want to spend the next five or ten years trying to keep pace with another major shift.
“The £10 million is a minimum rather than a ceiling. If the right businesses come forward, we have the appetite to invest further.
“We want to speak with owners who are ready to sell, as well as those who are beginning to think about retirement or succession over the next few years.”
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