Chartered surveyor announces merger
Birmingham-based chartered surveyors Pennycuick Collins has announced it is to merge with Cosnett Price in a move which will further strengthen the firm’s commercial practice.
Under the terms of the deal, founding partner Alan Price will move to Pennycuick Collins’ offices at 54 Hagley Road to focus on industrial and commercial agency alongside commercial property directors Charles Gillett and Richard Moxon, and associate directors Richard Bache and James Bridge.
Clients of Cosnett Price are predominantly commercial property investors and occupiers within the West Midlands region.
Significant transactions completed by Cosnett Price in recent months include a letting as joint agents of a 28,000 sq ft facility in Cradley Heath during lockdown to an international business, and advising Evac+Chair International on their move to a 38,000 sq ft facility at IM Properties’ Connexion scheme at Blythe Valley Solihull.
The firm has also advised on development schemes in Digbeth and the inner Birmingham inner ring road.
Pennycuick Collins director Richard Moxon said: “Cosnett Price has built a tremendous reputation in the West Midlands throughout its 35+ years of trading. We are looking forward to strengthening our existing team and enhancing our business through this merger.
“Pennycuick Collins is one of the region’s largest independent property consultancies and we share the same values as Alan in our drive to deliver a personalised service to our clients. We have continued to grow our business and win new work throughout the pandemic, quickly adapting our business model to meet the challenges presented. This is proof that clients with property assets value the advice we are able to offer.”
Alan Price of Cosnett Price added: “ I am genuinely excited to be joining the team at Pennycuick Collins in a move which will give us a strong platform to look after our clients’ needs. Throughout our discussions in recent months I have been impressed with the synergies between our organisations, and am looking forward to working with everyone at 54 Hagley Road. Real Estate is regarded as a relatively stable investment and there has been a resurgence in interest for commercial property, at a time when demand for logistics and industrial space is buoyant. We remain optimistic that this will continue in 2020 and beyond.”
