Hark Group has acquired Rivington Land in a bid to deliver regeneration projects in UK town centres.
At the outset, the combined firm will manage projects with a value in excess of £700m.
David Lewis, founder of Rivington Land, joins Mark Williams and David Henderson-Williams as board director and co-owner of the business. Lewis will continue to focus on development, Williams will lead the investment side and Henderson-Williams will run the asset management team.
Lewis said: “Both companies are passionate about town centres and share an optimism about their future in this evolutionary market. There are very few businesses in the UK that can match our level of expertise and enthusiasm for delivering meaningful change. Combining forces is the right way to grow the company and position ourselves to take full advantage of the opportunities that lie ahead.”
Henderson-Williams, founder of Hark Group, added: “The two firms are highly complementary in terms of personnel, skills and corporate relationships. The combination of our abilities to invest, our proven asset management track records and Rivington’s exceptional development management capabilities, points towards a very exciting future.”
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