Major merger of property firm with Newark offices set to bring £41m turnover

A merger between a notable Newark property firm and the UK's leading property management company is set to achieve a £41m turnover.

Fisher German, which has an office in Newark, is to join forces with Vine Property Management after 12 months of negotiations confirmed the new group will trade together from the beginning of 2020.

The move is the latest development for Fisher German - which specialise in commercial, rural and residential property - and has expanded greatly in the last six years with its turnover growing from £19 million to £35 million.

Andrew Bridge, managing partner of Fisher German, said the merger will enable the two firms to grow from strength to strength.

He said: "We have been looking to grow Fisher German and to further expand our presence in the commercial sector, and Vine Property Management will not only bring a proven track record and new disciplines to expand our current commercial offering but will also take us into new geographical areas allowing for further growth.

"From that commercial point of view, it is a perfect fit but it soon became clear as we advanced talks that the two companies share a belief in ethos, values and levels of customer care which only adds to the strength of the new group.”

Vine Property Management which manages 51 million sq ft of retail, industrial and office properties and £2.7 billion worth of assets, will be operate under the Fisher German name in under a year to expand the reach and expertise of both companies.

And impressed with his co-workers' sustained growth over recent years, Vine co-founder James Rigby, said the merger will ensure both companies come together and do better than ever.

"The merger will mean we can offer a whole new range of services to existing clients of both companies, and also attract fresh clients with an expanded expertise in new areas," he said. "We are very excited to have found a perfect partner both in terms of the services we offer, but also the common approach in the way we work with, and for, clients.”

As part of the deal James Rigby will join Fisher German as a partner as both firms confirm all additional offices and 100 staff will be retained.

Springboard Corporate Finance, Cooper Parry and Browne Jacobson acted as advisors on the transaction.

To find out more about the property business merger, please go to: www.fishergerman.co.uk/news-and-events