Aberdeen Residential Leasing company, Stonehouse Lettings, has acquired the residential leasing business of Raeburn Christie Clark & Wallace (RCCW), a prominent Aberdeen and North East legal firm The deal adds 300 properties with an asset value of approximately £45 million to the Stonehouse portfolio, bringing the total number of properties it manages locally to 2,300.
The deal is Stonehouse’s seventh acquisition since merging with Simpson Brebner in 2013, during which time it has more than doubled the number of properties under management in Aberdeenshire.
Lisa Brebner, Managing Director of Stonehouse said, “We have admired RCCW and its residential leasing business for some time and I am delighted to now be welcoming the leasing team to Stonehouse. The combination of Stonehouse and RCCW is a powerful one and a strong statement of our commitment to the Aberdeen market.”
Keith Allan, Managing Partner at RCCW, added, “The Strategic Alliance allows us to concentrate on legal and property sales and purchase business where we continue to grow and offer outstanding service whilst safe in the knowledge our clients with leasing portfolios are in safe hands.”