Dwello Property has acquired Thomson Residential Ltd as it accelerates its expansion across the Central Belt. Dwello was founded with a focus on enhancing factors that can affect the wider lettings sector, including letting turnaround times and customer communication. Amid its growth, the firm says its priority remains delivering the responsive, service-led approach that has driven its early success.
Following the acquisition, Dwello will continue operating from Thomson Residential’s Clarkston Road office, giving the business a foothold in Glasgow’s south side while maintaining continuity for existing landlords and tenants.
Bank of Scotland supported the acquisition with a £520,000 term loan, alongside a banking switch. The finance will enable Dwello to pursue carefully selected growth opportunities while continuing to invest in its people, systems and processes.
Craig Syme, director at Dwello Property, said, “This acquisition provides us with a fantastic opportunity to accelerate our growth in the south side of Glasgow, and is another step forward in our ambition to be the letting agent of choice across the Central Belt.”
David Drylie, relationship manager at Bank of Scotland, said, “This acquisition is a strong example of a business scaling thoughtfully. It’s particularly positive to see the team retaining a local presence in Glasgow’s south side, helping it stay close to the landlords, tenants and communities it serves.”
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