Property management and surveying firm Scanlans has taken a 50 per cent stake in Pad Residential, a sales, lettings and management agency in Manchester city centre.
Pad, founded by Ian and Sue Waxman in 1998, will continue to operate as normal as part of the Scanlans group of companies.
It will immediately expand its portfolio by taking over the management and letting of all northwest properties currently on Scanlans’ books.
Scanlans’ Chairman Ian Stanistreet and Tony Mancini, a partner at the firm, join Ian and Sue as Directors of Pad, which has ten staff and is based on Bridge Street.
Fiona Trigg, who has worked for Scanlans for the past three years dealing with its management and lettings service, becomes an employee of Pad.
Ian Stanistreet said, “Pad is an established city centre firm with an excellent reputation. It has an experienced team of trusted professionals.
“This joint venture between two strong brands will enable us to pool our resources and provide clients with an enhanced level of service.
“It’s an exciting time for our businesses and we are looking forward to seeing Pad grow its client base over the coming months and years.”