Independent estate agency Venture Properties has expanded into a new Durham City branch.
The firm spent £60,000 acquiring the lease for the city centre premises, and a further £20,000 refurbishing it in line with other offices.
The New Elvet branch will become the fifth in its network, which also includes offices in Darlington, Crook, Chester-le-Street and Cockerton Village.
Three jobs have been created at the branch, which opened this month. It brings Venture Properties workforce to 31.
Michael O’Connor, director at Venture Properties said: “I’m very excited about the future for Venture Properties. We’re expanding and opening more offices which has always been our ultimate goal.
“I put our success down to hard work. We’ve tried to do things that other companies weren’t doing by embracing technology and re-investing in ourselves heavily in keeping us at the forefront.”
Venture Properties’ Durham branch will be headed by Todd Armstrong, who has 11 years of experience in the industry, and will be bringing qualified Venture Properties’ staff members to support the office.
Mr O’Connor added: “It’s great to see the company expanding. It’s been a real team effort and incredibly hard work as we opened during the economic downturn in 2008.
“A lot of people raised their eyebrows but we got stuck in and worked very hard. We wouldn’t be able to do this without the fabulous team we’ve got so they deserve a lot of credit.”
Venture Properties hinted that plans are in motion to open another branch in County Durham, but Mr O’Connor insisted the location had to be right.
The firm, which has been trading since 2006, offers sales, letting and property management services from its network of branches which employ 27 staff.
Venture Properties, which has raised £8,000 for charity since its inception, has been named as MacMillan Cancer Support’s official charity fundraiser and will be participating in the World’s Biggest Coffee Morning on September 26.
The business recently raised £10 for every property that it placed on the market in June, and is planning a five-a-side football match against another estate agent later in the year.