Teesside property firms join forces

A commercial property firm has strengthened its market position with an acquisition.

Stockton-based Portland Estates Management has bought Dodds Brown, a firm with more than 130 years of history in commercial property. 

Bosses say the move will mean “every base (is) covered” by bringing together Portland’s expertise in property management with Dodds Brown’s specialisms in selling, letting and landlord and tenant services.

Under the terms of the deal, all staff have been retained, forming a 14-strong team now based at Portland’s refurbished Stockton offices. 

Barbara Blenkinsop, who along with Olly Lawson from Portland and Richard Wilson from Dodds Brown will be directors in the new venture, said: “We believe we’ve got every base covered. 

“This is a very exciting step and we’re delighted to have joined forces with such a respected and well-known business.”

Olly added: “We’ll continue to look outside the Tees Valley, but this area has begun to take off and we want to play our role – as the only local agency of its kind – to ensure that business owners, their staff and their families see the benefits of the investment they’re going to make.”

Dodds Brown’s Middlesbrough office will now be sold and a new role has been created to ensure a smooth transition of the facilities management teams, with further hires expected. 

Richard added: “We’ll have a team of in-house accountants, facility managers and valuers and will not outsource functions.

“We believe that is so important to the smooth running of our clients’ operations who, crucially, will always know who they’re dealing with.”

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.