Birmingham surveyors underlines growth ambitions with London acquisition
Johnson Fellows has strengthened its national reach with the acquisition of a niche retail agency in London.
The chartered surveyors, which has offices in Birmingham and Manchester, has acquired TPF Retail in an undisclosed deal.
It means that for the first time in the firm’s 33-year history it now has a base in the capital and the agency will provide it with a platform to embark on further expansion across London and the wider South East.
Nick Wint, partner at Johnson Fellows, said: “This is a hugely important move and signifies the beginning of a new and exciting era for the business.
“A lot of our clients are based in London, so having an office local to them means business can be carried out more smoothly and communication lines will be greatly improved.
“It’s another milestone in our journey to become a truly national consultancy, and from here we can charge full steam ahead with the plans to expand across the entire South East.”
The acquisition will also provide the opportunity to appoint more people into the business.
TPF Retail provides retail agency, landlord and tenant, investment and asset management services.
The consultancy is owned and managed by Gerard Finn and Mark Tindale, who will become partners of Johnson Fellows and head up the new office.
Mr Finn qualified as a chartered surveyor in 1979, going on to become head of retail professional services and partner at Healey & Baker Cushman & Wakefield.
Mr Tindale qualified as a chartered surveyor in 1986 and worked for Lambert Smith Hampton before setting up his own business. TPF Retail was established in 2002.
Mr Finn said: “This represents an unmissable opportunity for us to merge our business into such a prestigious practice. We are excited and looking forward to working to make a huge success of it.”