Birmingham property consultancy CPBigwood has acquired Hampshire-based DMA Chartered Surveyors to gain a foothold in the south.
The Eastleigh surveyor, which was purchased for an undisclosed sum, specialises exclusively in residential leasehold property and manages around 3,000 apartments and houses, primarily in Hampshire and Dorset.
CPBigwood partner Brett Williams, who led the negotiations, said the acquisition took the number of properties managed by the firm to over 20,000 across 30 counties.
“We already look after around 500 units in Hampshire on various sites, and it was becoming clear to us that there was scope for expansion of our property management portfolio in the south.
“DMA Chartered Surveyors was a natural choice as they specialise exclusively in residential leasehold property and we found we had a number of clients in common.”
It will trade as CPBigwood and brings 13 staff into the firm.
It was founded by Christoper Beamwish in 1997 when he purchased Downside Managing Agents Ltd and the management is headed by John Nouch, who said: “Both businesses are keen to grow and there is a natural fit for DMA Chartered Surveyors into the CPBigwood group.”
Lawyers Higgs & Sons acted for CPBigwood and DMA Chartered Surveyors were represented by Paris Smith of Southampton. CPBigwood grew out of the merger of West Midlands property consultants Bigwood and Curry & Partners in June 2011.