Portland Estates Management: A New Era Post-Dodds Brown Acquisition

Deal News | Feb 05, 2025 | B Daily

Portland Estates Management: A New Era Post-Dodds Brown Acquisition

Stockton-based commercial property firm Portland Estates Management has acquired Dodds Brown, an esteemed firm with a 130-year history in commercial property. The acquisition aims to leverage Portland's expertise in property management with Dodds Brown's specializations in selling, letting, and landlord/tenant services. All staff from Dodds Brown will be retained, joining a 14-member team at Portland's newly refurbished Stockton office. Directors Barbara Blenkinsop, Olly Lawson, and Richard Wilson expressed enthusiasm about the merger, highlighting the diversity and completeness of the services offered by the joint venture. The acquisition includes plans to sell Dodds Browns Middlesbrough office and to add roles to ensure a smooth transition, marking Portland Estates as the only agency of its kind in the Tees Valley dedicated to minimizing outsourced functions.

Sectors

  • Commercial Real Estate
  • Facilities Management

Geography

  • United Kingdom – The article centers around companies based in the Tees Valley region in the North East of England.

Industry

  • Commercial Real Estate – The article discusses an acquisition in the commercial property sector, highlighting expertise in property management, letting, and sales.
  • Facilities Management – There is significant focus on in-house accounting, facility management, and valuation services which are integral to the operations of the newly formed entity.

Financials

    Participants

    NameRoleTypeDescription
    Portland Estates ManagementAcquirerCompanyStockton-based property management firm that has acquired Dodds Brown.
    Dodds BrownTarget CompanyCompanyA reputable firm with over 130 years of experience in commercial property sales and letting services.
    Barbara BlenkinsopDirectorPersonDirector involved in the new venture following the acquisition.
    Olly LawsonDirectorPersonDirector from Portland, involved in the new venture.
    Richard WilsonDirectorPersonDirector from Dodds Brown, involved in the new venture.