SHEFFIELd’s biggest estate agents has been bought by property company Countrywide.
Blundells, which was founded by Michael Blundell in 1977 and has 13 branches covering Sheffield, Chesterfield and Rotherham, will continue to operate as a business in its own right.
The Blundells management team, which includes managing director Steve Hinshelwood and Mr Blundell, will continue to head up the business.
Grenville Turner, Countrywide Group chief executive, said: “This acquisition forms a key part of Countrywide’s strategic plan.
“We have long admired the success of Blundells, its management team and its strong presence in Yorkshire and Derbyshire.
“It is a business that has a strong brand, an experienced and committed workforce, and its branch locations make it a great fit for our network.”
Mr Hinshelwood said the housing market remained ‘challenging’ and being part of the larger firm would allow the company to deal with those challenges ‘more effectively’.
He said: “This acquisition marks an exciting new era for Blundells.
“The strength and breadth of Countrywide’s services and infrastructure will enable us to continue to expand and diversify our business.
“The housing market remains challenging, and being part of a company like Countrywide enables us to deal with these challenges more effectively and take advantage of the opportunities that this market presents to us.
“Having worked closely with the Countrywide management team for some time now, I have been thoroughly impressed with their ideas and strategy to grow the business.
“I look forward to working with them to explore these opportunities further in the coming years.”
Countrywide has 1,300 associated branches in England, Scotland and Wales including 46 estate and lettings agencies.
Its portfolio includes Sotheby’s International Realty, Bridgfords and Hamptons International and it employs 9,000 staff.