Commercial property agents announce merger

Two West Midlands commercial property agents have announced a new merger.

Shortland Penn + Moore, which has offices in Coventry and Birmingham, and D&P Holt, which has offices in Coventry and covers Warwickshire, have joined forces.

The new company – Holt Commercial – will be based from Holt Court in Warwick Row, Coventry, as well as from a Birmingham base in Colmore Row.

Peter Holt will be managing director while Nick Holt, Jonathan Moore, David Allen and Rupert Gillitt will be directors. A further seven staff will make up the Holt Commercial team.

The two names have more than 80 years’ experience in commercial property in the region and the merger brings together a host of services under one company.

Nick Holt and Jonathan Moore have led on the merger and believe that the move has come about at the perfect time.

Mr Holt said: “This is great news for everyone involved. It draws together experience and expertise that means Holt Commercial will cover the whole commercial property sphere in this region.

“Talks began on this merger in 2017 and we are delighted to have concluded them to be able to move forward as an even stronger company in 2018.

“We are looking forward to working together and offering clients the very best commercial property service – whether its investment, agency, development, valuation, management and other services.”

Mr Moore said the merger had come about at an ideal time as the light was shone on the West Midlands through initiatives such as the 2021 UK City of Culture and the 2022 Commonwealth Games.

“This is a really positive time for the region and we are confident that all of our experience and wide range of skills will mean we can make the most of that for both the new company and our clients,” he said.

Pictured from left: Jonathan Moore, Nick Holt, Peter Holt, Rupert Gillitt and David Allen.