Two of the most respected names in commercial property in the West Midlands have joined forces.
Shortland Penn + Moore, which has offices in Coventry and Birmingham, and D&P Holt Ltd, which has offices in Coventry and covers Warwickshire, have agreed to merge.
The new company – Holt Commercial – will be based from Holt Court in Warwick Row, Coventry, as well as from a Birmingham base in Colmore Row.
Peter Holt will be Managing Director while Nick Holt, Jonathan Moore, David Allen and Rupert Gillitt will be Directors. A further seven staff will make up the Holt Commercial team.
The two names have more than 80 years’ experience in commercial property in the region and the merger brings together a host of services under one company.
Nick Holt and Jonathan Moore have led on the merger and believe that the move has come about at the perfect time.
Nick said: “This is great news for everyone involved. It draws together experience and expertise that means Holt Commercial will cover the whole commercial property sphere in this region.
“Talks began on this merger in 2017 and we are delighted to have concluded them to be able to move forward as an even stronger company in 2018.
“We are looking forward to working together and offering clients the very best commercial property service – whether its investment, agency, development, valuation, management and related activity.”
Jonathan said: “Coventry was recently named UK City of Culture 2021 and Birmingham has now been confirmed as the Commonwealth Games host in 2022 so this is a really exciting time for the region that we cover.
“It’s the ideal time to join forces to create a full-service commercial property agency covering Coventry, Warwickshire, Birmingham and the wider Midlands area.
“This is a really positive time for the region and we are confident that all of our experience and wide range of skills will mean we can make the most of that for both the new company and our clients.”
