A property group in Birmingham has sold the retail arm of its commercial agency business to another consultancy in the city as it launches a new valuation and professional services division.
Centrick has offloaded the division to Jewellery Quarter-based Siddall Jones with all staff transferring over.
Founder Edward Siddall-Jones said: "I am of course thrilled to be welcoming such a high-quality, experienced team of property professionals from Centrick.
"This is just the latest stage in our growth and further enhances our offering to landlords, both regionally and nationally, ranging from independents to major property businesses."
Centrick founder James Ackrill added: "The Centrick retail agency team will be transferring to Siddall-Jones which means all of our retail agency clients will experience a smooth transition and no loss of service while working with the people that they have come to know and trust."
Centrick said its new valuation and professional services division was designed to give even greater support to its residential and building and estate management clients.
It will support local and national clients from its city centre HQ in Newhall Street where it will join the group's existing property valuation team.
Managing director Phil Johns said: "Centrick Valuation & Professional Services will see another step change to our already high service levels and ensure an industry-leading approach to building issues, proactively diagnosing problems more effectively and minimising any disruption residents experience with building fabric problems.
"Establishing a multi-faceted professional services offering has always been a strategic pillar in the long-term, considered growth of Centrick and I'm excited to see that ambition come to fruition.
"Our goal has always been to support our clients with turnkey property solutions and being able to offer building surveyor services."
Terms of the deal were not disclosed.
