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Birmingham Post
Birmingham Post
Business
Tamlyn Jones

Property services buyout for Gateley

Birmingham legal and professional services group Gateley has expanded its property arm with the acquisition of Persona Associates.

The Suffolk-based firm specialises in advising on infrastructure and regeneration projects involving compulsory purchase orders, development consent orders and transport and works act orders.

Listed Gateley will acquire the entire share capital of Persona for £250,000.

Persona has worked with the group's property consultancy business Gateley Hamer for a number of years and the acquisition will enable it to deliver additional land and property information for the country's largest infrastructure, regeneration and housing projects.

Gateley chief executive Michael Ward said: "We are delighted to welcome the Persona team on board.

"Persona and Gateley Hamer have worked together on a number of long-term projects in recent years and we know there are many synergies that will benefit clients.

"This is an exciting opportunity for the group and sits within the diversification part of our strategy to establish complementary business services that support the legal side of our business.

"We believe there is also an opportunity for Persona to develop within our property group in the same way that Gateley Hamer has done in the last three years and we look forward to supporting their future development in line with our growth plans."

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