Property consultancy Eddisons has strengthened its presence in London after acquiring Hargreaves Newberry Gyngell (HNG), a London-based firm of chartered surveyors in a £1m deal. Based in central London, HNG’s 14-strong team will integrate with Eddisons’ team of 300 staff, who work across 20 UK offices.
HNG provides a wide range of commercial property services such as agency, management and lease advisory services to clients including private investors, property funds and commercial businesses. The acquisition will strengthen the Eddisons property services capability in London and provide a platform for the firm’s further growth across the South East.
Eddisons director Anthony Spencer said: “I am very pleased to welcome the HNG team to Eddisons and the acquisition significantly strengthens our property services capability in London. Like Eddisons, HNG has an excellent reputation for high quality professional advice, and we continue to seek opportunities for further growth.”
Torquil Gyngell, a director at HNG, said: “Through our talented team of people, HNG has developed a market leading reputation for delivering quality property advice throughout London and the Home Counties.
“We are excited to be joining the Eddisons team as there is a natural overlap with the services we offer and an opportunity to work with like-minded individuals. This strengthens our proposition to clients and I look forward to developing the opportunities the deal presents.”
The acquisition continues Eddisons’ expansion which saw the firm acquire Barker Storey Mathews in the East of England in 2019. In the last five years, Eddisons has also acquired planning consultant Croft, real estate and business valuers Taylors, and leading property auction business Pugh & Co.