Bond Wolfe, the Birmingham-based property agency and auctioneer, has acquired a 50% stake in RPM (Robson Property Management), a commercial property management business.
RPM has offices in London and Birmingham, and acts for property funds, institutions and corporate and private clients, managing a portfolio valued in excess of £2.5bn.
Bobby Bassi, director of Bond Wolfe, said: “This is a strategic acquisition to provide our existing clients with a property management service on a UK-wide basis. We are actively seeking to grow our combined business and, despite the economic headwinds, we are well positioned to make further acquisitions in the property management, agency and auction sectors.”
Richard Turner, partner at RPM, added: “We value the opportunity of providing our existing clients with the additional services of property agency and auctions, and look to grow with the support and resource of Bond Wolfe.”
Higgs & Sons Solicitors acted for Bond Wolfe; George Green Solicitors advised RPM.
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