11/12/2012

Estate Agents Reverse NI Closure Plans

An estate agency has announced a U-turn on plans to close all of its offices in Northern Ireland.

Yorkshire-based Reeds Rains said on Monday it would be shutting down its branches in Bangor, Newtownards, Glengormley, Carrickfergus, Portadown and on the Lisburn and Andersonstown Roads in Belfast.

But on Monday night the firm issued a statement saying it was reviewing its branch network in Northern Ireland.

Reeds Rains currently employs 72 people in Northern Ireland.

The company says it is exploring changing its operational model through investment in franchising.

"We believe local ownership of the branches in Northern Ireland, but continuing to trade under the established Reeds Rains brand, is the best approach to ensuring the future success of the business and the people working in the branches," it said.

Two years ago the firm, one of the biggest estate agencies in the UK, closed branches in Comber and east Belfast.

The earlier statement had announced that the branches would be closed by the end of the year. But now the company says that statement had been issued without approval and was incorrect.

(IT)

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