Bond Wolfe acquires 50% stake in property management firm
Bond Wolfe, the Birmingham-based property agency and auctioneers, has acquired a 50% stake in RPM (Robson Property Management), a commercial property management business, for an undisclosed sum.
RPM has offices in London and Birmingham, and acts for property funds, institutions, corporate and private clients, managing a portfolio valued in excess of £2.5bn.
Bobby Bassi, director of Bond Wolfe, said: “This is a strategic acquisition to provide our existing clients with a property management service on a UK-wide basis.”
Richard Turner, partner at RPM, said: “We value the opportunity of providing our existing clients with the additional services of property agency and auctions and look to grow with the support and resource of Bond Wolfe.”
Bassi added: “We are actively seeking to grow our combined business and, despite the economic headwinds, we are well positioned to make further acquisitions in the property management, agency and auction sectors.”
Higgs & Sons Solicitors of Brierley Hill acted for Bond Wolfe in the acquisition, with George Green Solicitors of Cradley Heath representing RPM.