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CPBigwood has acquired DMA Chartered Surveyors based in Eastleigh, Hampshire. The purchase gives the Midlands-based group a foothold in the south that the firm’s board intends to grow. DMA Chartered Surveyors specialises exclusively in residential leasehold property and manages around 3,000 apartments and houses.
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. We also have a number of freehold property investors with properties in Hampshire, Dorset and the south coast and clearly having a base there will give them increased confidence in our ability to manage their portfolios.”
DMA Chartered Surveyors will trade as CPBigwood and brings 13 staff into the firm. CPBigwood now employs 140.
Christopher Beamish founded DMA Chartered Surveyors in 1997 when he purchased Downside Managing Agents Ltd and the management is headed by John Nouch. John Nouch and Brett Williams are both former chairmen of ARMA – the Association of Residential Managing Agents.