Bowman Rebecchi Expands Into Residential Letting Market With New Joint Venture

Posted on: 4 December 2020

Bowman Rebecchi Expands Into Residential Letting Market With New Joint Venture

Gourock-based commercial property firm, Bowman Rebecchi has announced an expansion into the residential letting sector with highly respected Glasgow-headquartered agency, Newton Letting.

Bowman Rebecchi Letting, operated by Andrew Bowman and Marco Rebecchi, is a collaborative venture, jointly owned with Newton Lettings’ Managing Director, Riccardo Giovanacci. It will inherit Newton Letting’s tried and trusted models, processes, and expertise.

The new partnership is aiming to establish a leading position in the west coast of Scotland residential lettings market, with target areas including Greenock, Gourock, Inverkip, Kilmacolm, Bridge of Weir, Largs and beyond.

Andrew Bowman said:

“This is an exciting natural development for Bowman Rebecchi, with many existing clients asking us to manage their commercial and residential portfolios.

“Partnering with Riccardo enables the business to hit the ground running and enables a seamless transition from the commercial to the residential market.

“Bowman Rebecchi has established a successful commercial property company in a short space of time, and we continue to look at new ways to grow the brand.”

L-R: Riccardo Giovanacci, Andrew Bowman and Marco Rebecchi at Gourock promenade by renowned photographer, Alistair Devine.L-R: Riccardo Giovanacci, Andrew Bowman and Marco Rebecchi at Gourock promenade by renowned photographer, Alistair Devine.

Newton Letting’s portfolio stands currently at just over 600 units, let on behalf of around 400 landlords. The business has invested consistently in new staff and technology since its buyout in 2019 to enable it to provide an enhanced service to clients.

Celebrating its launch, Riccardo said:

“I am excited by this tremendous opportunity to enter a joint venture agreement with Bowman Rebecchi, which will offer our established expertise to the west coast residential marketplace. 

“There are considerable opportunities to grow the business, and in Andrew and Marco, both of whom I have known for many years, I have the ideal, trusted partners.

“Their local presence and knowledge of the market, combined with our proven systems and processes, makes me highly confident that this initiative will prove a winner.”

Marco Rebecchi added:

“This is a smart move for both parties and enables us to utilise each other’s strengths to help to grow the new business.

“Bowman Rebecchi has built a fantastic reputation since its launch and continues to enjoy growth in its portfolio and client base. We always listen to our client’s feedback and believe strongly that this is a natural progression, which adds another string to our bow.”

For further information, please contact Andrew Bowman at lettings@bowreb.com or 01475 639000 or Riccardo Giovanacci at Newton Letting on 0141 353 9700.

Background

Newton Letting:

Mr Giovanacci acquired Newton Lettings, the lettings arm of his family’s long-established business, Newton Property Management, which continues to trade successfully, in 2019.

A property professional, Mr Giovanacci started his career with Newton Property Management 14 years ago then held senior positions in estate agency in London and Glasgow before returning to the company.

Its Joint Managing Director, Stephen O’Neill, who is Mr Giovanacci’s uncle, started the Newton Property Management business in 2001, after successfully selling-off his first letting business, O’Neill Property.

Mr Giovanacci’s grandfather, William O’Neill, had worked in the industry since the 1950s, running one of Glasgow’s first estate agents in the city’s West End.

Bowman Rebecchi:

Bowman Rebecchi Commercial Property Service launched in February 2020 and provides a vast range of services, including commercial lettings and sales, portfolio management, as well as maintenance and refurbishment works for all commercial portfolios, partnering with local business expertise to support delivery.

Based in Gourock in Inverclyde and led by co-founders Andrew Bowman and Marco Rebecchi, the business covers the west coast of Scotland, offering a specialist and local commercial property service.

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