Seraph are delighted to announce the acquisition of Newport Estate Agency Nuttall Parker.
Nuttall Parker, joins The Seraph Group which already includes two-branch James Douglas Sales and Lettings, the student lettings branch, Student Living by James Douglas, as well as the property and block management firm, Seraph Property Management.
Whilst the estate agency side of the business operates on a local level, Seraph Property Management operates nationally, managing blocks in Cardiff, London and Hampshire, as well as property management Newport.
Managing Director, Douglas Haig comments
“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,”
“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 percent 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.”
Nuttall Parker will remain in Newport with all staff retained and Lesley Woodsford-Lloyd managing 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.”
Speaking of the ambition of the group, Douglas said: “This exciting deal is not just strategic for the growth of our business but it ensures continuity in the Newport area. Nothing changes for us or our clients. We are fiercely proud of the agency’s Newport roots and want to embrace its fantastic position at the heart of the local community.”
For more information on Nuttall Parker, please visit nuttallparker.com.