Mon, 16 Dec 2024 | MERGER
Dundee-based firm Shepherd Chartered Surveyors has merged with Scottish peer Whyte & Barrie creating a business with over 200 years of history.
Shepherd, founded in 1880, has 250 employees across 39 offices in Scotland including Dunfermline, Kirkcaldy, St Andrews, Montrose, Perth and Stirling. It offers a range of property services including valuing, giving advice and providing home reports.
The sectors it covers include residential and commercial property and construction. Its recent work includes the auction of a house once owned by the manager of Scottish rock band Nazareth, as well as a 140-year-old historic bookshop in St Andrews.
Whyte & Barrie, founded in Lanark in 1947, is one of the largest independent firms of chartered surveyors operating across Central Scotland. It has 25 staff across its offices in Lanark, East Kilbride, Hamilton and Glasgow.
Its main services include Residential and Commercial Property Valuations, Home Reports, Development Appraisals and Energy Reports.
Shepherd senior partner Ian Fergusson said the deal highlights the company’s growth ambitions.
He said: “This deal creates an entity with over 220 years of continuous service to the Scottish property market. This gives us an enhanced foothold in Lanarkshire and the Greater Glasgow area, while bolstering the depth of professional service we can offer to clients throughout Scotland. As such, it represents a great deal for both parties and our respective clients.”
John Leighton, managing partner at Whyte & Barrie, added: “We are delighted to secure this deal with Shepherd. Through the synergies realised by joining our forces, it brings under one roof an unrivalled range of property expertise to clients throughout Scotland.”
Surveyors have been noting an increase in demand for commercial property in Scotland this year particularly office and industrial space. This is despite concerns over the UK economy and rising costs of construction due to inflation, interest rates and supply chain disruptions.
Find out more about the current challenges in the construction sector
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An opportunity has arisen to acquire a prominent Scotland-based hub with an impressive £500 million of funds under management.
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