Yorkshire property firm continues growth strategy with fourth acquisition in 18 months

A Yorkshire property management firm has acquired its fourth business in an 18 month period as part of its ongoing expansion.

Barnsdales has purchased Aylesbury firm Blake Property Management for an undisclosed sum.

The deal marks the latest in a string of acquisitions for the property specialist, and comes as it secured a six-figure loan from NPIF – Mercia Debt Finance (managed by Mercia and part of the Northern Powerhouse Investment Fund).

Since launching its growth strategy last year, the firm has made acquisitions in Cirencester, Rotherham and Sheffield and added over 1,000 units to its portfolio.

Jason Barnsdale, managing director of Barnsdales, explained: “Blake [Property Management] is another important acquisition for us and will help develop our national coverage as well as becoming a more sophisticated block manager. We are on track to have 100 blocks under management by the end of 2019.”

As well as creating two new jobs at Barnsdales’ Doncaster headquarters, the acquisition will see the firm takes over management of Blake Property Management’s portfolio of 26 apartment blocks, 529 leasehold properties and seven commercial properties across the country.

Commenting on the deal, Blake Property Management’s co-founder David Tatum commented: “Barnsdales’ long standing reputation and professionalism gave us huge comfort that we are handing on our business to a safe pair of hands.

“Blake clients and residents will benefit from this more sophisticated business with greater resources.”

Paul Arthur, investment manager with Mercia, added: “It is great to see a fourth-generation family business like Barnsdales that is going from strength to strength.

“This latest acquisition will provide a source of recurring income and accelerate its growth while creating new jobs in Doncaster.”

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