Barnsdales Acquire Martyn Stubbs Chartered Surveyors
Published: 28th September 2020
Chartered Surveyors, property, and facilities management group Barnsdales has acquired Nottingham based Martyn Stubbs Chartered Surveyors (Martyn Stubbs) for an undisclosed sum. The purchase is another significant move for the South Yorkshire based business in its stated ambition to grow its property management business.
Based in Doncaster with offices throughout the UK, including, Cirencester, Lincoln, London, Manchester, Nottingham, and Sheffield Barnsdales is predominately a property and facilities management business. It was founded in 1905 by the current Managing Directors Great Grandfather to manage property. It has extensive experience in managing all types of real estate including commercial, ground rents, build to rent, blocks of flats, public open space and buy to let and property and operates nationwide with around 3,050 tenancies under management as well as 850 ground rents and 100 service charges.
Barnsdales acquisition of Martyn Stubbs includes 139 commercial tenancies and three large block management instructions.
“Barnsdales set out in 2018 to grow its property management business through organic growth and by corporate acquisitions, the business acquired two property management business in 2018 located in Cirencester and Rotherham and two last year in Sheffield and Aylesbury which has added over 1,600 units to our management portfolio and one in Nottingham in February of this year which added a further 100 commercial properties and 21 blocks to manage” Barnsdales Managing Director Jason Barnsdale said. “The acquisition of Martyn Stubbs business is an important acquisition for us and helps strengthen our regional coverage especially in Nottingham as well as adding to our core commercial management portfolio. By the end of 2020 we are on track to have over 700 properties under management comprising over 3,000 tenancies as well as over 50 blocks of flats and 850 ground rents”.
Martyn Stubbs FRICS himself said “Barnsdales professionalism and long-standing reputation gave us significant comfort that we are handing on our business to a safe pair of hands and we are comfortable they will look after our clients very well. The acquisition of the Martyn Stubbs business by Barnsdales enables them to extend their offering in Nottingham and the region and we are thrilled for the future of the Martyn Stubbs clients who will benefit from this more sophisticated business with greater resources.”
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