London investment agent Mason Philips and Scotland-based commercial property consultant Ryden have agreed a merger.
The firms will operate under the Ryden name with Mason Philips’ London office becoming the company’s base.
The deal is part of Ryden’s strategy to expand in England and follows a merger with Leeds-based asset management firm Hill Woolhouse in 2015.
Following the merger, nearly half of the company’s income is expected to come from English property and about 20% of total turnover will be generated outside Scotland.
Bill Duguid, managing partner of Ryden, said: “London is the gateway for the majority of property investment in the UK and this move provides both firms with the opportunity to expand their client base and market coverage.
“Mason Philips’ Edwin Braim and Alasdair Munn will provide Ryden with a London perspective, which will be useful in assessing further growth opportunities in England.”
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