A further 40 that do not fit the keystone strategy will be handed over to franchisees, reducing LSL’s total number of owned Reeds Rains and Your Move branches by half to just 144. UK estate agent LSL is to close around 120 of its mid-market Your Move and Reeds Rain branches amid a stagnant property market. Some 40 offices will be closed, while another 81 will be folded into so-called "keystone branches" located in major markets. The company said it would also cut the number of agents working at each branch by about 10 per cent over the next two years. Another 40 branches will be given over to franchisees, reducing LSL's total number of Your Move and Reeds Rains branches to just 144.
UK estate agent LSL is to close around 120 of its mid-market Your Move and Reeds Rain branches amid a stagnant property market. Some 40 offices will be closed, while another 81 will be folded into so-called "keystone branches" located in major markets. The company said it would also cut the number of agents working at each branch by about 10 per cent over the next two years. Another 40 branches will be given over to franchisees, reducing LSL's total number of Your Move and Reeds Rains branches to just 144.