News

My Property Box secures multi-million-pound deal to build on success in the North East

BGF funding will support the Darlington-headquartered estate agency’s ongoing buy-and-build strategy.

3 July 2024

My Property Box – a Darlington-headquartered residential estate agency – has announced a multi-million pound investment from BGF.

Founded in 2012, by Ben Quaintrell, My Property Box specialises in residential lettings. It manages properties across the North East, from offices in Darlington and Newcastle, serving both the professional and student markets. In addition to lettings, the company has a strong estate agency arm, delivering residential property sales for customers across the region.

To drive expansion, My Property Box has made 10 acquisitions since 2019, with the aim of creating a platform of scale in the region. Funding from BGF will support its ambitious, ongoing buy-and-build strategy.

Commenting on the deal, Ben Quaintrell, Founder and CEO, said: “The North East lettings market remains fragmented, presenting us with opportunity to capitalise on our successful buy and build strategy. To execute this, we needed a long-term investment partner that shared our vision and understood the potential that exists – both in the company and in the market. In BGF, we believe we have found this, and we’re looking forward to taking our growth plans to the next level with the support of a trusted investor.”

The deal was led by James Baker, an investor in BGF’s Yorkshire and North East team. As part of the investment, buy-and-build specialist Richard Smith has been named non-executive chair (NXC) and will join the company’s board at completion. Richard brings a wealth of experience in scaling buy-and-build platforms across various end sectors, and will support the My Property Box team in refining and executing its growth strategy.

BGF Investor James Baker, who will also join the company’s board, added: “My Property Box has a proven track record of executing its M&A strategy, with a clear ambition to scale at pace. It is set to build on this momentum, establishing itself as the residential lettings platform of choice across the North East. This is an exciting investment for us, and we’re delighted to be joining Ben and the team on the next stage of their growth journey.”

Latest insights