Company Tag: Foxtons

Earlier this week, an influential investor declared that "Foxtons has lost its way

Catalist Partners has proposed a "three pillar strategy" for London-centric estate agency Foxtons, including national expansion and a new focus on higher-value prime property markets.

“It is clear that a significant proportion of shareholders did not agree with the decision to pay bonuses to Executives," said Foxtons after its AGM.

Robin Paterson's Catalist says that estate agency Foxtons is "significant undervalued relative to the platform’s potential".

London-centric estate agency has already been boosted by its acquisition of Douglas & Gordon, but is embroiled in controversy over pay.

The high-profile London agency sealed its £14.25m acquisition of Douglas & Gordon earlier this month.

Tom Watts has joined the agency's Prime team after stints at Savills & Knight Frank.

D&G will continue to operate as a separate brand to Foxtons, with the existing management team remaining in place.

Foxtons has confirmed that it is in discussions to buy rival London estate agency chain Douglas & Gordon.

Stock market insiders have suggested that private equity firms could be angling for control of high-profile London estate agency group Foxtons.

The online auction firm doubled its UK sales in 2020, shifting £108m-worth of property via its digital platform.

A newspaper has suggested that personal and financial details of thousands of Foxtons Group customers are available on the "dark web".