Estate agent ‘reviewing branch network’

Reeds Rains issued a statement on Monday saying it was closing all its branches across the country, however, it has now said that was not correct.

The Yorkshire-based firm has now said it is “reviewing our branch network in Northern Ireland”.

“We are exploring the opportunity to change the operational model through investment in franchising,” said the company, which employs 72 people across eight branches.

The statement continued: “We believe local ownership of the branches in Northern Ireland, but continuing to trade under the established Reeds Rains brand, is the best approach to ensuring the future success of the business and the people working in the branches.”

An earlier statement issued by the company said the branches would close by the end of the year.

However, Reeds Rains said this statement was issued without approval and was incorrect.