Property group Sourced is planning to invest a minimum of £10m in buying estate and letting agencies as it expands its acquisition programme across the UK. The company has already completed four acquisitions this year, including Open House, which added 104 franchisees to the group.
Sourced currently has around eight further deals in the pipeline, with most expected to be finalised before the end of 2026. The group is targeting established agencies with recurring revenue and experienced teams, and states that the £10m represents a minimum investment.
Stephen Moss, CEO of Sourced, indicated that artificial intelligence is increasingly influencing succession planning among independent agency owners. He noted that some owners are questioning the investment required to adapt their businesses to new technological changes, while others are concerned about being left behind without continuous investment in new systems.
Moss clarified that the businesses coming to market are not necessarily under financial pressure, with many performing well but owners feeling ready for a new chapter. Sourced expects its acquisition programme to continue beyond its current pipeline.