Bond Wolfe acquires 50% stake in RPM
Bond Wolfe, the Birmingham-based property agency and auctioneers, has acquired a 50% stake in RPM (Robson Property Management), a commercial property management business, for an undisclosed sum.
RPM has offices in London and Birmingham, and acts for property funds, institutions, corporate and private clients, managing a portfolio valued in excess of £2.5 billion.
Bobby Bassi, director of Bond Wolfe, said: “This is a strategic acquisition to provide our existing clients with a property management service on a UK-wide basis.”
Richard Turner, partner at RPM, said: “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 resource of Bond Wolfe.”
Mr Bassi added: “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.”
Higgs & Sons Solicitors of Brierley Hill acted for Bond Wolfe in the acquisition, with George Green Solicitors of Cradley Heath representing RPM.
Ends (171 words)
For further information, please contact:
Bobby Bassi, Director, Bond Wolfe
0121 525 0600 or 0121 524 1172,
Issued by Andy Skinner, ASAP PR, mobile 07990 978257.
Bond Wolfe is an established commercial property practice based in Birmingham and West Bromwich. Its services include commercial property sales and lettings, auctions, property investment, and development throughout the West Midlands.