Chestertons, one of the world’s oldest estate agents, has put itself for sale.
Advisers from Deloitte have reportedly been appointed to help one of the world’s oldest estate agents find a new buyer. The company, which was founded in 1805, is focused on sales and lettings and operates primarily in London’s real estate sector.
The business is owned by an investment vehicle of Salah Mussa, a Libyan businessman who acquired it in 2005. It operates from 30 offices in London, and has developed a franchise model which has seen it expand its operations internationally.
Sources have told Sky News that a valuation of “about £100 million” is likely.
The Company was offered for sale in 2014 for £50m but the sale hadn’t materialised at the time.
