Property leasing and management services firm Nick Dunning Associates has acquired London property agency Stirling Ackroyd, as part of its buy and build programme. The leadership team consists of chief executive Nick Dunning, sales director Graham Harrison, commercial director Matt Hewitt and chief financial officer Julian Irby, all of whom worked together at Countrywide in the past. The company said it had agreed to acquire the business for an undisclosed sum from London-based investment bank Morgan Stanley in a deal that will see the two firms work together on projects across Europe. As well as implementing a refurbishment and infrastructure upgrade scheme, Nick Dunning Associates said it plans to treble the size of the business over the next three years via acquisitions and organic growth.
Property leasing and management services firm Nick Dunning Associates has acquired London property agency Stirling Ackroyd, as part of its buy and build programme. The company said it had agreed to acquire the business for an undisclosed sum from London-based investment bank Morgan Stanley in a deal that will see the two firms work together on projects across Europe. As well as implementing a refurbishment and infrastructure upgrade scheme, Nick Dunning Associates said it plans to treble the size of the business over the next three years via acquisitions and organic growth.