Property agency strengthens West Midlands presence with new acquisition

Birmingham commercial property agency KWB has strengthened its presence in the West Midlands with a new acquisition.

The company has acquired Worcestershire commercial property management firm David J Price & Associates in an undisclosed deal.

The transaction will enable KWB to provide a new receivership and insolvency service.

David J Price & Associates is based in Stourport-on-Severn and the business will be merged into KWB’s Property Management division.

With a wealth of experience in the fields of receivership, insolvency and corporate recovery work, the firm brings with it a portfolio of commercial and residential management contracts throughout England and Wales.

David J Price & Associates was established by Mr Price in 2000, following a long career at GVA Grimley.

Mark Lenton, head of KWB Property & Asset Management, said: “David Price and his senior associate Toby Barnett have many years’ experience working with LPA Receivers, financial institutions, and firms and individuals specialising in corporate recovery, and this will be a valuable new addition to KWB’s range of management services.

“David and Toby’s clients will benefit from being able to access a much more comprehensive property service from one source, and from our modern billing and accounts system.  We are looking forward to working together.”

Mr Price said: “KWB’s ethos of maximising value by pro-active and intensive property management, and of outstanding client service, is very much in keeping with our own, so I am delighted that we have been able to bring our businesses together.”

KWB, which has been trading for more than 25 years, has a senior management team with more than 200 years combined professional experience. The firm also has an office in Solihull.