Property consultancy enters new phase with management buyout
A management buyout has been completed by Stourbridge-based property consultants Hexagon Commercial Property.
Harvey Pearson has taken over as managing director after acquiring Lex Allan’s shares.
Pearson initially joined Lex Allan Commercial in 2013, later forming a partnership with Allan and co-founding Hexagon Commercial Property after a company rebranding.
Recently, the consultancy has experienced significant growth, expanding its team and client base globally, with Hexagon now serving clients like Calthorpe Estates, Mercia Real Estate, LCP, SEP, and Western Trading Group.
The management portfolio includes a contracted rent roll exceeding £2m annually across industrial, office, leisure, and retail sectors.
Pearson said: “The purchase represents an exciting next chapter for Hexagon. It has been a pleasure to work alongside Lex for the last 10 years and I am grateful to him for the pivotal part he has played in the Hexagon journey to date. It’s been quite the journey – joining as a trainee surveyor some all those years ago to now completing this transaction! Due to continued expansion, we will be moving our offices shortly, with further details to be provided in due course and I am delighted that Lex will be retained as a consultant to the business in the short term.”
Allan said: “In my 30 years of trading under the Lex Allan banner the journey with Harvey has been one of the most exciting chapters. Hexagon has been driven and developed by both Harvey and I, but the fundamental success of the business has been down to Harvey’s insatiable appetite to match people and property in a commercial environment where he delivers insight and innovation in equal measure. I do not doubt that Harvey and his ‘best-in-class team’ will go from strength to strength and I wish them unfettered ongoing success.’’
