Property management giant the HML Group has bought SDL’s large block management business, bringing some 7,000 residential homes into HML’s portfolio.

The deal, which involved the acquisition of both SDL EM Ltd & CP Bigwood LLP from the SDL Group, has been kept under wraps until now despite being inked before the festive break, and if for an undisclosed sum.

But although the announcement is likely to lead to redundancies, HML says it is “working hard to retain as many staff as possible from SDL Property Management as we understand the important role they hold with regards to the delivery of customer care,” says Mark Tejeda  (pictured), a Regional Director of the HML Group.

“This is an exciting opportunity, stemming mutual benefits for both HML and SDL customers, who have experienced a seamless transition across to the Group.”

Tejeda heads up the team tasked with finding more property management companies to acquire.

“We have a number of solutions including outright purchase, earn outs, outsourcing, partnering and joint ventures. We can acquire entire companies or acquire portfolios only,” he adds.

Total confidence

“We understand the need to conduct all conversations in total confidence, so much so that if you would prefer to discuss your options with an independent management consultant in complete confidence before becoming known to HML, we have arranged for Add Melon Consultants to work with you.”

HML was established in 1991 by LTC Holdings Plc to manage its growing property portfolio and in 2004 listed on AIM although, following a takeover, it de-listed from the stock exchange in December 2020.

Read  more about block management.