Wednesday, 29 July 2009
Major expansion for property specialists CKD Galbraith
Firm to acquire Buccleuch John Sale
LEADING Scottish property consultants CKD Galbraith today announced plans to acquire the Buccleuch John Sale estate agency and chartered surveying business.
The acquisition will result in a major expansion of the CKD Galbraith office network in Scotland and the range of property services provided by the firm.
[Pictured left to right: Harry Lukas, director of Buccleuch John Sale, James Galbraith, chairman of CKD Galbraith and James Carnegy-Arbuthnott, Director of Buccleuch John Sale.]
Buccleuch John Sale’s three offices and 30 staff in Kelso, Galashiels and Peebles will continue to serve the needs of their clients as a fully integrated part of CKD Galbraith.
The prospective deal will take the number of CKD Galbraith offices in Scotland to 12, employing 160 people from Inverness to the Borders.
Heads of terms have been agreed between CKD Galbraith and The Buccleuch Group. Subject to the due diligence process being completed successfully, the acquisition is expected to be completed within a month.
CKD Galbraith chairman James Galbraith said: “This is a very exciting and significant development for all involved. John Sale is a long-established practice, particularly in the Borders, and is a very highly respected name in property. We will be joining forces with a team that shares many of the same values as CKD Galbraith, and believe our combined resources will offer a depth, breadth and quality of service to clients that is simply not currently available in the Borders.”
Buccleuch John Sale director Harry Lukas added: “We are all very pleased to be joining the progressive CKD Galbraith team. We have a great deal in common, particularly in seeking to offer people in the rural property sector a personal service which has been our approach for many years. We will continue to serve our clients, many of whom we have built up excellent relationships with over a long time.”
The Buccleuch Group chief executive John Glen said: “The Buccleuch Group purchased John Sale Ltd in April 2004 with the aim of growing its existing activities in the Borders and beyond. This was partly achieved by combining some of our in-house activities, but the existing market conditions now require it to extend its commercial reach further. Consequently, it makes for John Sale to join forces with CKD Galbraith for whom this represents a unique opportunity to move into the Borders, enabling both to fulfil their ambitions as the economy improves.
“We should take this opportunity to express our gratitude to the John Sale team for their loyal and professional contribution to The Buccleuch Group and to wish them well.”
About CKD Galbraith
CKD Galbraith is an independent property consultancy specialising in serving the needs of private clients. It employs over 130 people in offices in Edinburgh, Glasgow, Perth, Cupar, Inverness, Aberfeldy, Castle Douglas, Ayr and Elgin.
The partnership provides the full range of property consulting services across the commercial, residential and rural sectors throughout Scotland. The company enjoys a successful relationship with its associate firm in London, CKD Kennedy Macpherson.
The company’s rural arm specialises in farm sales and purchases, the management and sale of large estates and woodland, valuations and building surveying work.
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