DEXTERS ACQUIRES DIGITAL PROPERTY MANAGEMENT & LETTINGS BUSINESS HOWSY

DEXTERS, London’s leading independent Chartered Surveyor and Estate Agent, has acquired award-winning digital property management and lettings business Howsy, as part of the group’s digital expansion strategy, supporting its market leading local high street presence, with over 70 DEXTERS offices across London.

Howsy, which traces its origins back to 2016, has a team of over 75 people and is led by Managing Director Calum Brannan. Cited by FORBES as a PropTech company to watch, Howsy has helped landlords let and manage over 6,000 properties in the last year.

Under the new arrangement with DEXTERS, Howsy will continue to work for their private and build-to-rent landlords and will share their cutting-edge digital technology with DEXTERS.

DEXTERS, founded in 1993 and led by CEO Andy Shepherd, currently serves over 30,000 landlords and facilitates more than 28,000 property transactions across London per annum.

In February 2021, DEXTERS announced a partnership and major financial backing from Oakley Capital with a growth strategy of opening further offices, acquisition of smaller competitors and also expanding the group’s digital activities in order to allow DEXTERS to deliver its services via multiple channels.

The acquisition of Howsy forms a key step in the implementation of this strategy, alongside new office growth announced in 2021 as a result of new partnerships with estate agents Roy Brooks, Douglas Martin, Peter James and Sebastian Roche which has further boosted DEXTERS’ market share in London residential sales and lettings.

Andy Shepherd, CEO of DEXTERS says: “In February 2021 we announced a strategy of growth through acquisition of competitors and expanding the group’s digital activities. This acquisition of Howsy marks a key step in the implementation of this plan. Increased digitalisation of our London lettings business using Howsy’s innovative “smart tech”, will help DEXTERS scale up our residential lettings service whilst maintaining our excellent property management and tenant care.”

DEXTERS has maintained consistent growth, increasing revenue at 15% per year over the last 10 years. DEXTERS has a consistent track-record of providing first class service with its many tens of thousands of Google reviews with an average rating of 4.9 out of 5.