GLASGOW property business Newton Letting is rebranding as Rosevale Letting, following the conclusion of a licensing period which permitted former employee Riccardo Giovanacci to acquire the lettings arm of the business four years ago.
Described as an ‘amicable parting of the ways’, he said, “It was always planned that a time would come when the Newton connection would come to an end, and with the expiry of our licensing agreement come early next year, that time has now arrived.
“With Rosevale Letting now trading, we are looking forward to an exciting, distinct future with a fresh, professional, and tailored approach to the lettings sector.”
Rosevale Letting, which is said to be currently experiencing its busiest ever quarter, manages around 700 properties on behalf of some 400 landlords and is aiming to increase its portfolio to 1,000 properties by maintaining its recent annual growth rate of 10%.
Mr Giovanacci added, “As part of our re-branding exercise we have moved to new offices at 4 Newton Place, Glasgow, G3 7PR where our seven strong staff are now happily settling in. We are grateful for the support and encouragement over the years from our former parent company and are delighted to see it continuing to thrive and prosper.”
Stephen O’Neill, chairman of Newton Property Management, commented, “Riccardo has done brilliant things with what was always a great lettings business. Rosevale is now near double the size it was when we agreed to sell our lettings arm to him. Newton Letting, now Rosevale Letting, has been completely transformed under Riccardo’s first-class tutelage – quite an achievement and almost certainly more to come.”
