Aberdeen-based Parkhill Property Leasing has acquired law firm Ledingham Chalmers’ residential rentals business.
The six-figure deal will see Parkhill double its existing client base, as well as creating three new jobs.
Parkhill, which currently has 10 employees, will also acquire two lettings’ staff members from Ledingham Chalmers, who will make the transfer to its office in Rosemount Place.
Leasing director Chloe Baxter commented: “The acquisition of Ledingham Chalmers’ residential rentals business forms part of our long-term growth strategy, as we continue to focus on building a larger client base throughout the north east.
“This deal will allow us to continue to strengthen and develop our service with a view to further growth in future.
“We hope this investment will position Parkhill Properties as one of the leading, locally owned, independent leasing agencies in Aberdeen.”
Jennifer Young, managing partner at Ledingham Chalmers, said: “We carefully considered the decision to transfer this long-standing part of our residential property offering.
“We’ve known Parkhill Properties for several years and are confident our former landlord clients and their tenants are in safe hands.
“Meanwhile, we’ll continue to focus on sustainable growth for our firm, including our estate agency practice, which is one of Aberdeen’s largest in terms of number and value of properties sold.”
Parkhill Property Leasing, which forms part of Parkhill Properties, has been managing rental properties in Aberdeen since 2005.
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