Estate agents move
Simpson & Marwick team switch to Ledingham Chalmers
Ledingham Chalmers partners Mike Cunningham and Nicola Reid, along with Simpson & Marwick Aberdeen property partner David Geddie
Ledingham Chalmers has taken on a 12-strong team of estate agents from Simpson & Marwick, now part of Clyde & Co.
All 12 Simpson & Marwick Aberdeen staff, including property partner David Geddie and senior associate Lynne Stewart, will make the switch.
It will operate from Simpson & Marwick Aberdeen’s current Alford Place premises and Ledingham Chalmers’ headquarters in Rose Street, and will continue to be the only estate agency with a base in Bridge of Don.
The deal creates one of the city’s largest estate agencies in terms of the number and value of properties sold, set against a backdrop of an improving property market: the latest statistics from ASPC show an upward movement in sale prices, along with a continuing modest improvement in sale volume.
The residential property division of Clyde & Co will retain and continue to use the Simpson & Marwick brand in Edinburgh and East Lothian where it has a team of 30. Clyde & Co’s remaining Aberdeen office, led by partners Harry Boyle and Mark Donaldson and part of the firm’s leading global insurance practice, is unaffected by this move.
Mike Cunningham, partner and head of residential property at Ledingham Chalmers, said: “This deal presents an important evolution of our firm at a pivotal moment for the north east.
“Specifically, this area hasn’t had its troubles to seek over the past few years, but we’re now seeing an improving picture in terms of activity and investment. For example, the city’s bypass opened recently; the P&J Live event arena opened recently too for Offshore Europe, its first conference; and construction’s underway at Aberdeen Harbour Board’s £350million South Harbour development.”
Mr Geddie said: “We’re enthusiastic about what it means to come together and create something new.”
David Tait, managing partner for Clyde & Co Scotland said: “We thank David Geddie and his team for their hard work over the years for Simpson & Marwick Aberdeen clients and wish them all the best for the future as they become part of Ledingham Chalmers Estate Agency.”
Staff numbers at Ledingham Chalmers, which has offices in Aberdeen, Edinburgh, Stirling and Inverness, will rise to 198 including 33 partners.
The firm also has an independent financial planning and mortgage advice subsidiary, Golden Square Wealth Management.
All wills, trusts and other executry documentation held by Simpson & Marwick Aberdeen will transfer to Ledingham Chalmers.