Dwelly Acquisitions Take UK Property Portfolio Beyond 16,000 Homes
Dwelly has completed two more acquisitions in the UK, taking its total number of deals this year to 13. The latest deals bring around 475 managed rental properties into the business. Its overall portfolio now exceeds 16,000 properties.
The company has acquired lettings portfolios from Symonds & Greenham in Hull and Michelle & Co in Barnt Green, Worcestershire. Both businesses operate in the residential property market, but Dwelly has taken a different approach to integrating them.
Two acquisitions, two different approaches
The deal with Symonds & Greenham covers around 200 fully managed properties. The Hull-based portfolio will become part of Dwelly's existing Lime business. The acquisition is structured as an asset-only deal.
This gives Lime a larger portfolio in Hull and the wider East Yorkshire area. The properties will be managed through its existing operation.
The second acquisition involves Michelle & Co, which brings approximately 275 managed properties to Dwelly. The agency will continue trading independently rather than being absorbed into another business within the group.
Its director, Michelle Mehjoo, will stay on as a consultant. This arrangement is intended to help maintain continuity for landlords and tenants while the business moves forward under the new ownership structure.
Dwelly co-founder and chief executive Ilya Drozdov said Michelle & Co's focus on personal service fitted with the group's approach to property management. Keeping the agency's identity and preserving its client relationships were important parts of the decision.
Building a larger property management network
The latest deals follow Dwelly's acquisition of Helen Breeze Property Management in Kent. The company has been expanding through a mix of portfolio purchases and acquisitions of established letting agencies.
Not every business follows the same integration plan. Some portfolios are brought into existing operations, while others continue under their original names with local leadership in place.
Sam Humphreys, Dwelly's head of mergers and acquisitions, said the company sees scope to help independent agencies through technology, investment and operational support. The needs of each business remain a consideration when planning an acquisition.
Technology is another part of Dwelly's expansion strategy. The company is investing in AI-powered tools designed to reduce administrative work and make property management more efficient. This could give local teams more time to deal directly with landlords and tenants.
With 13 acquisitions completed in 2026, Dwelly continues to build its presence across several UK markets. The latest transactions add hundreds of properties to its portfolio while bringing two more established lettings businesses into its wider network.
