Welsh block management giant snaps up another estate agency

first_imgHome » News » Agencies & People » Welsh block management giant snaps up another estate agency previous nextAgencies & PeopleWelsh block management giant snaps up another estate agencySeraph says its strategic direction has led it to buy Newport-based estate agency Nuttall Parker for an undisclosed sum.Nigel Lewis30th March 202101,216 Views The wave of regional mergers and acquisition continues apace following block management firm Seraph’s acquisition of Welsh estate agency Nuttall Parker for an undisclosed sum.Single branch, Newport-based Nuttall Parker joins another Welsh agency within the Cardiff-based block management group structure, two-branch James Douglas Sales & Lettings.Seraph has its HQ in Cardiff and is a significant player in the Welsh block management scene but also has operations in London, Cardiff, Bristol and Hampshire.“This strategic deal is an incredibly exciting one for our business as we look to branch our sales offering further afield from our Cardiff-base and support the already extensive managed property portfolio we have in the area,” says Seraph’s MD Douglas Haig (pictured).“Newport is a fast-growing city and we are seeing a mini-housing boom in the area.“It is one of the UK’s fastest-moving property markets with house prices having risen 36 per cent since 2015. We have long-standing roots in Cardiff, the Vale of Glamorgan and RCT and with this acquisition, we are well-placed in the heart of the vibrant Newport housing market.“When the opportunity came up with Nuttall Parker, it was the perfect fit and ideal acquisition to build on our presence in the area.”Staff retainedNuttall Parker will remain in Newport with all staff retained and Lesley Woodsford-Lloyd managing (top, third right) the day-to-day running of the business as associate partner, with former director Leigh Edwards staying on in a consultancy capacity.She says: “Being part of the Seraph Group means the team will be supported by a wider property network that benefits clients from its enhanced range of services; including sales, lettings, property management and block management.”Read more about the Welsh estate agency scene. Nuttall Parker Seraph Property management Lesley Woodsford-Lloyd March 30, 2021Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

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