Savills has snapped up two independent agencies in Manchester and Cheshire and say the purchase is part of a plan to expand its presence in the North West of England.
The £736-million international firm has acquired sales, lettings and property management company Case McNair as well as the Knutsford branch of a similar agency, Meller Braggins, adding to its existing tally of branches in Manchester, Wilmslow and Chester.
The larger of the two deals is the acquisition of Case McNair, which operates across the huge Greater Manchester area and has a rental portfolio worth more than £200 million. It specialises in the region’s booming new-build 100+ unit rental market and employs 15 staff.
New northern boss
Managing Director John-Paul Case will be remaining with the business and will head up Savills’ northern metropolitan lettings business.
His former employees will initially remain at their branch on Bridge Street in Manchester before transferring to Savills city centre office next year.
“Case McNair has an excellent reputation in Manchester and internationally and this acquisition provides a strategic opportunity for us to expand the services we offer in the area, complementing our existing residential development sales business operating out of our Manchester office,” says Jane Cronwright-Brown, head of the lettings division at Savills (left).
The acquisition of Meller Braggins; Knutsford branch, is being handled differently. Its senior team including managing director Nigel Lammas will join Savills while their former business will be run by Charlie Kannreuther, who has a six-year track record at Savills. Meller Braggins has four remaining branches in Wilmslow, Northwich, Stockton Heath and Macclesfield.
Charlie will be supported by Rebecca Postles and Tom Burke will head up the lettings department.