Property agency snaps up 50-strong portfolio to grow midlands reach

Holt Commercial is expanding its footprint across the Midlands with the acquisition of the property management portfolio from regional consultancy Drake Howard Property.

The deal includes around 50 properties in Coventry, Warwickshire, and the South Midlands.

As part of the acquisition, two members of the Drake Howard team, Marie Farrell and Fiona Beattie, will join Holt full-time, while Martyn Howard, founder of Drake Howard, will continue as a consultant for two years.

Nick Holt, director of Holt Commercial said: “We are thrilled to complete the
acquisition of the property management side of Drake Howard Property. It is an area of the business that we have wanted to grow for some time and this deal made perfect sense for all parties.

“We know Martyn well from his time with us previously and the acquisition provides a
very good, seamless fit. Marie Farrell has also been part of our team previously so it does make great sense and means we can expand this part of our service knowing we have trusted professionals joining our already growing team. These are very exciting times for Holt Commercial and this brings further potential for growth.”

Howard said: “I know Nick and the team at Holt extremely well having been there
for 14 years, many of which were as a director. I decided I wanted to start a commercial property consultancy specialising in the property management side, and it has worked out very well.

“I recently decided that I’d like to start to think about a retirement plan and this deal means I can begin that process, knowing that my clients remain in the long-term safe hands of Marie, Fiona and the team at Holt Commercial, while I deliver the transfer over the next two years. Holt is the most established name in commercial property in this area, so I am pleased that we’ve been able to complete this deal, which is great news all round.”