Property manager FirstPort has acquired Barratt Residential Asset Management.
FirstPort was launched in 2015 and is the largest residential property services manager in the UK, looking after a portfolio of 185,000 homes across 3,900 developments.
Barratt London’s 11,000 customers and 200 employees from BRAM will now move to FirstPort.
FirstPort chief executive Nigel Howell said: “As a full-service, specialist residential property manager with over four decades of experience, FirstPort has the skills and expertise to support customers across the range of Barratt London homes that BRAM manages.”
Gary Ennis, regional managing director, Barratt London and Southern, said: “We were determined to ensure that any acquiring party must have a strong reputation and track record, and must share our customer focus. We are therefore delighted that BRAM has been acquired by FirstPort and we are confident in their commitment to continue to provide excellent service to our customers.”
FirstPort and BRAM have written to all customers, clients and suppliers to make them aware of the transaction, and said they would work closely to deliver a detailed transition plan for the handover.
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