Tony McKay, Managing Director of Chesterton's commercial division said: 'This is in line with Chesterton's policy of expanding through the acquisition of businesses which offer recurring income streams and which enhance the services available to our existing client base.'

John Studd added: 'The acquisition will allow us the opportunity to bring our property investment management skills to a much wider audience at a time when property offers excellent returns compared to those available from other asset classes.'

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