Home » News » Agencies & People » Welsh block management giant snaps up another estate agency
Agencies & People

Welsh block management giant snaps up another estate agency

Seraph says its strategic direction has led it to buy Newport-based estate agency Nuttall Parker for an undisclosed sum.

Nigel Lewis

nuttall parker seraph estate agency

The wave of regional mergers and acquisition continues apace following block management firm Seraph’s acquisition of Welsh estate agency Nuttall Parker for an undisclosed sum.

Single branch, Newport-based Nuttall Parker joins another Welsh agency within the Cardiff-based block management group structure, two-branch James Douglas Sales & Lettings.

Seraph has its HQ in Cardiff and is a significant player in the Welsh block management scene but also has operations in London, Cardiff, Bristol and Hampshire.

seraph property“This strategic deal is an incredibly exciting one for our business as we look to branch our sales offering further afield from our Cardiff-base and support the already extensive managed property portfolio we have in the area,” says Seraph’s MD Douglas Haig (pictured).

“Newport is a fast-growing city and we are seeing a mini-housing boom in the area.

“It is one of the UK’s fastest-moving property markets with house prices having risen 36 per cent since 2015. We have long-standing roots in Cardiff, the Vale of Glamorgan and RCT and with this acquisition, we are well-placed in the heart of the vibrant Newport housing market.

“When the opportunity came up with Nuttall Parker, it was the perfect fit and ideal acquisition to build on our presence in the area.”

Staff retained

Nuttall Parker will remain in Newport with all staff retained and Lesley Woodsford-Lloyd managing (top, third right) the day-to-day running of the business as associate partner, with former director Leigh Edwards staying on in a consultancy capacity.

She says: “Being part of the Seraph Group means the team will be supported by a wider property network that benefits clients from its enhanced range of services; including sales, lettings, property management and block management.”

Read more about the Welsh estate agency scene. 

March 30, 2021

What's your opinion?

Please note: This is a site for professional discussion. Comments will carry your full name and company.

This site uses Akismet to reduce spam. Learn how your comment data is processed.