Finance advisory firm Hutcheon Mearns is diversifying into commercial property.
New division Hutcheon Mearns Real Estate will be headed up by Iain Landsman, who joins the company as director, moving from his previous role as a director with property consultant CBRE.
He will use his more than 15 years’ experience in the Scottish property market to position the new company at the forefront of the market, with strategic advice and deal execution.
The expansion is seen as a clear next step following the establishment of Hutcheon Mearns’ deals advisory business in 2018 to provide support on mergers, acqusitions and transaction due diligence.
“Property tends to be a significant area of consideration for any M&A transaction – whether that is in relation to owned or leased properties,“ said Adam Maitland, managing director of Hutcheon Mearns.
“The establishment of Hutcheon Mearns Real Estate provides a valuable link between deals advisory and property advisory, so that we will now be able to provide another area to optimise shareholder value in transactions.”
Landsman said: “Business owners need to consider property matters ahead of any potential business sale, which means there is a clear need in the market for a service such as this which can provide clients with independent, expert real estate advice to ensure they safeguard and maximise their investments in property as part of a transaction process.
“This will create a much more seamless and far less complicated transaction for clients before, during and after an M&A process,“ he explained, adding: “Prior to this, they would have had to outsource the services of a surveyor, but now they can access all the information, advice and support they need from a single source.”
The new division will also provide a range of property services across the commercial sector, based out of an office in Aberdeen.
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