YORKSHIRE letting agency Linley & Simpson has accelerated its expansion programme with the acquisition of York competitor.

The firm, which has a network of 11 offices across North and West Yorkshire, has taken over the entire rental portfolio of fellow independent agency, the York Property Company.

The deal, completed for an undisclosed sum, will see all the properties formerly managed by the York Property Company’s office in Stonegate merge into Linley & Simpson’s branch in Micklegate, which has just posted a record year and undergone a major refurbishment.

Director Nick Simpson, said: "These extra homes will help us keep pace with an ever-increasing demand for rental properties in both York and the surrounding communities, a trend that is poised to continue throughout the rest of this year and beyond.

"This acquisition is a natural progression for us and is a fitting way of marking 10 successful years of helping people move in York.

"All the properties we have inherited will fit seamlessly into the growing portfolio managed by our flagship branch on Micklegate, which has had its busiest year since it opened its doors in 2006.

"This is a further signal of the strength of the York market and its appeal as a prime location to work and live."

The York Property Company, which was established in 2004, provided a specialist service for students at the University of York, York St John University, The Law College, Askham Bryan College and smaller colleges in York.

While its current owners Martin and Pauline Cooper are retiring, the other existing member of staff, Lynne Rhodes, will transfer to Linley & Simpson.

The acquisition is the fifth since Linley & Simpson secured a £1.8 million funding package last year from Santander, designed to support plans to double the size of the business over the next three years through acquisitions and the development of its residential sales service.