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Two companies in Liverpool have introduced that they’re merging their letting operations and launching a Joint Enterprise agency to allow continued development of their respective areas of experience.
Metropolis Residential will take over the letting portfolio of Central Property Administration (CPM), integrating it into its current construction, along with the switch of two current members of workers.
The merger will enable Metropolis Residential to proceed to develop their portfolio while permitting CPM to deal with rising their block administration service within the metropolis.
Along with the deal for the letting portfolio, the 2 companies have introduced a brand new three way partnership which is able to see them supply a mixed service in each the non-public rented sector (PRS) and Construct to Lease (BTR) market.
Within the PRS market the mixed operation will goal schemes whereby the 2 corporations will work collectively to supply a joined-up strategy to freeholders and leaseholders. The JV is already in talks with a number of builders, freeholders, lenders and leaseholders to behave on their behalf.
Within the BTR market the JV will look to advise, function and handle buildings with a view to difficult nationwide operators working in Liverpool.
Metropolis Residential’s managing director, Alan Bevan, stated: “Now we have labored carefully with CPM for a few years with Metropolis Residential recommending CPM for block administration and CPM recommending Metropolis Residential for gross sales, so the merger of the lettings operations is a pure extension to our current relationship. It additionally permits us to supply further advantages to CPM’s present shoppers while permitting CPM to proceed to construct on their substantial development in block administration directions within the metropolis”.
Sean Duffy, proprietor and director of CPM, commented: “Once we determined to focus our consideration on block administration the crew at Metropolis Residential have been our logical companions in taking the lettings portfolio over particularly given their information, popularity and expertise in metropolis centre lettings/property administration.
“The deal will enable us to construct on the progress we have now made in changing into the main residential block supervisor within the metropolis with quite a few new directions within the pipeline.”
The 2 corporations will proceed to function out of each their current places of work permitting new and current shoppers to learn from having a metropolis and docklands department.
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