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Initiative brings firms together

Property agents form JV to boost business sales

IMEProperty Agents IME Property and Cornerstone Business Agents have formed what they call a ground-breaking deal to push further into the business sales market in Scotland.

The two companies are already working jointly on a number of disposals “worth several million pounds” in the licensed trade and hospitality sectors.

IME, run by Iain Mercer, has built a foothold in leasing and selling traditional commercial properties across Edinburgh and the Lothians. Cornerstone specialises in selling going concern retail, hospitality, licensed & leisure, medical and childcare businesses.

The respective founders of IME and Cornerstone, Ian McDonald and Derek Burgoyne, have known each other for many years.

Mr Mercer, managing director, says the tie-up will be mutually beneficial.

“The partnership with Cornerstone made sense for a host of reasons not least our shared values,” he said.

Cornerstone has hired Barry McNeil and David Higgins who share more than 25 years experience at Christie & Co.

“Over the years we have amassed plenty of experience in selling people’s businesses and this alliance will allow us to collectively share ideas and skills whilst extending the reach of our respective brands,” said Mr McNeil.

Photo: (left) Barry McNeil and Iain Mercer

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