As part of the transaction, the national property consultancy is also acquiring the Januarys’ development land business, based in Northampton.
The acquisition will be effective from 30 January 2015 and will increase Carter Jonas’ team of property specialists based in Cambridge to 80.
Over the coming months, the various business streams of the two firms will combine to produce a multi-disciplinary property consultancy, covering the eastern region with offices in: Cambridge, Bury St. Edmunds, Peterborough, Sawston, Long Melford and Northampton.
Will Mooney, head of commercial, Carter Jonas, Cambridge said: “The acquisition of Januarys’ commercial business further strengthens our team advising colleges and corporate clients across both the public and private sectors.”
Colin Brown, who joins Carter Jonas as a partner to head up the planning team in Cambridge, said: “Carter Jonas already has a planning team under Richard Seamark that is well respected in the eastern region, and by bringing the two consultancies together, including our recent acquisition of John Popham Planning in Bury St Edmunds, we will establish one of the strongest planning teams in the region.”
“In addition, we are looking forward to the support of the 33 strong planning & development team in London, which has recently been strengthened by the acquisition of Planning Perspectives, and includes expertise in such specialist areas as retail planning and masterplanning.”
Following the purchase of Bradshaws, the combined residential sales and lettings businesses will initially trade as Carter Jonas Bradshaws.
Richard Hatch, head of residential, Carter Jonas, Cambridge, said: “The merging of the Carter Jonas and Bradshaws residential sales businesses will make us considerably stronger, particularly in the City market, where I look forward to working with Mark Wood and Anton Frost and their teams. In addition, bringing the two development land businesses together, where Robert Harrison and Michael Hudson will form one of the most respected teams in the area, will also lead to a stronger new homes operation, at a time when the region is due to see in excess of 25,000 homes coming through the planning system over the next six years.”
Anton Frost, who will head up the combined residential lettings business said: “We have seen considerable growth in our business over the last few years, and I look forward to working with Bridgit Knowles and her team as we seek to develop Carter Jonas into one of the strongest lettings agents in Cambridge, operating in both the City and village markets.”
Simon Dazeley, chairman of New Square Holdings, and who will join the firm as a consultant, said: “Combining our well established business with national brand Carter Jonas is a great development, not only for our existing clients, but also for prospective ones. Together, we will now be able to offer advice across a broad range of property sectors from a consultancy that will be one of the strongest in the eastern region. The strong links to a network of 11 offices in London is something that we see as being vital as Cambridge continues to attract investors and multi-national companies to its thriving economy.”
Tim Jones, head of Carter Jonas in Cambridge said: “We are delighted that the Januarys and Bradshaws teams are joining us. They have developed an excellent business over the last few years, and together we will be one of the strongest national property consultancies in Cambridge”.
Image (L-R): Mark Wood, Anton Frost (Bradshaws Residential), Richard Hatch (Head of Residential, Carter Jonas, Cambridge), Tim Jones (Head of Carter Jonas, Cambridge & Head of Rural Division), Will Mooney (Head of Commercial, Carter Jonas, Cambridge) Colin Brown (Januarys) and Simon Dazeley (Chairman, New Square Holdings).
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Tim Jones
Head of Carter Jonas, Cambridge