Wales’ largest estate agent Peter Alan has bought Newport-based Roberts lettings business.

The purchase of Roberts & Co Property Management Limited is part of Peter Alan's continued strategy to extend its regional rental network and increase market share.

Roberts' lettings business was set up 10 years ago and manages more than 800 properties. The sale of its lettings division will allow the company to re-invest and expand its sales and mortgage services businesses and remain a leading agent in the region.

This acquisition will see Roberts’ team of 17 lettings staff retained and, over the coming weeks, the business will begin to trade under the Peter Alan name.

It adds a significant number of properties to Peter Alan’s portfolio, which will continue to be managed by the existing team in central Newport with support from the local Peter Alan branches.

Andrew Barry, Peter Alan managing director, said: “We are really pleased to have acquired Roberts' lettings and property management business which allows us the opportunity to further enhance an already successful business and work with many talented individuals.

“This acquisition is a good fit for our expansion plans and perfectly complements our current branch network. We look forward to welcoming the Roberts lettings team to Peter Alan and continuing to build our market leading position in South Wales.”

Peter Alan is open to new opportunities to acquire existing sales or lettings business across South Wales and is keen to hear from business owners looking to sell, or who wish to grow, as part of a wider group.