Commercial property agency and auctioneering house Bond Wolfe has acquired a stake in Robson Property Management.
The Birmingham-based agency has taken a 50 per cent holding in RPM for an undisclosed sum.
RPM, which has offices in Birmingham and London, acts for property funds, institutions, corporate and private clients, managing a portfolio valued in excess of £2.5 billion.
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Bond Wolfe director Bobby Bassi said: "This is a strategic acquisition to provide our existing clients with a property management service on a º£½ÇÊÓƵ-wide basis.
"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."
RPM partner Richard Turner added: "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 resources of Bond Wolfe."
Higgs & Sons Solicitors of Brierley Hill acted for Bond Wolfe in the acquisition, with George Green Solicitors of Cradley Heath representing RPM.
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