Welsh independent agency Nuttall Parker has been snapped up by Cardiff-based property business Seraph Group.
Newport-centred Nuttall Parker is Seraph Group's second agency alongside James Douglas Sales & Lettings.
Seraph Group’s headcount is now 50-plus and managing director Douglas Haig says: “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 per cent since 2015.
“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 is an established brand that is known to residents of Newport and it is vitally important we retain everything that has made this such a successful business. This deal represents an excellent opportunity to fully enter into the Newport sales market and have a more local base to continue growing our business.”
Nuttall Parker will remain in Newport with all staff retained.
Haig continues: “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 Nuttall Parker's Newport roots and want to embrace its fantastic position at the heart of the local community. We look forward to continuing to grow the Seraph Group throughout South Wales and the rest of the UK.”
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