Arun Estates signs with OnTheMarket ahead of AIM flotation

first_imgOnTheMarket (OTM) has signed its first NEW significant agency group following its decision in August to float on the London Stock Exchange AIM market and demutualise.Arun Estates, which encompasses four agent brands and over 100 branches across the South East of England, has signed a five-year listing with the portal.Under the agreement, Arun Estates will advertise all its UK residential sales and letting properties on, and has committed to “actively promote” the portal in its branches.Arun Estates’ best-known grand, Ward & Partners, already lists with both Rightmove and the ZPG portals.“It is a powerful boost to OnTheMarket that Arun Estates is committing to list its properties for five years at,” says OTM Chief Executive Ian Springett (pictured, left)“Arun Estates is undoubtedly one of the leading, most successful agent groups in the regions where it operates and its support will substantially strengthen our position in the market.”Arun Estates, which includes Ward & Partners, Cubitt & West, Douglass Allen and Pittis (on the Isle of Wight), was born out of the sale by Prudential Insurance of its national estate agency business during the early 1980s.Arun Estates has also been busy on other fronts recently, leading a campaign to question the business model and marketing techniques of online agents, and has been instrumental in several recent successful – and unsuccessful – complaints made to the Advertising Standards Authority about Purplebricks.“I believe that both agents and the property-seeking public will benefit from greater competition in the portal space and that a strongly funded agent-backed model is the most effective way to achieve it,” says David Lench, Managing Director of Arun Estates Group (pictured, right).“I am delighted to declare the support of Arun Estates for OnTheMarket and to announce our strategic partnership commitment.”Ian Springett OnTheMarket Arun Estates david lench November 2, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Arun Estates signs with OnTheMarket ahead of AIM flotation previous nextArun Estates signs with OnTheMarket ahead of AIM flotationSouth East multi-brand agency group with 100+ branches commits to five years with the portal.Nigel Lewis2nd November 201701,383 Viewslast_img