Eddisons has strengthened its auctions division with the acquisition of London-based Network Auctions for an undisclosed price.
Network Auctions was established in 2005 and sells residential and commercial properties across the UK via monthly online auctions.
Network Auctions will integrate with Eddisons’ existing auction business which includes Pugh & Co, SDL Property Auctions and Mark Jenkinson.
Andrew Parker, who heads up Eddisons’ property auctions division, said: “We’re delighted to welcome the Network Auctions team to Eddisons. Over the past year, we have marketed more than 3,000 properties and plots of land through our auctions, generating over £330m for clients. Bringing Network Auctions into the business, with their established presence in London and the South, allows us to provide even broader national coverage and deliver greater choice and value to both buyers and sellers.”
Toby Limbrick, partner at Network Auctions, added: “Becoming part of Eddisons marks an exciting new chapter for us and gives us a stronger platform for growth and the opportunity to deliver even more for our clients. We’re looking forward to bringing our expertise and energy to a larger national team and continuing to progress the way property auctions are delivered.”
