Kingston Property Services has bought the Avoca Estate Management business from the Adderstone Group for an undisclosed six figure sum.
Avoca is a specialist estate and block management company that manages almost 2000 apartments throughout the North of England, with a property portfolio of over £300 million. The business will be joining Kingston, one of the leading property management companies in the country and a subsidiary of the Bernicia Group, in a deal that is expected to benefit all parties and, more importantly, result in improved services for customers.
Managing Director of Kingston Property Services, Colin Ord, said: “We have been impressed by the team, their industry knowledge and the systems in place at Avoca Estate Management. When the opportunity arose to bring them under the Kingston Property Services umbrella we were very keen to broker a deal that would work well for all parties.
Whilst our business specialisations and interests align, Avoca also share the same core values and principles as Kingston and the wider Bernicia Group, and this was a big contributing factor to our welcoming of Avoca into our organisation.”
Sarah Dudgeon, the Managing Director of Avoca Estate Management, said: “We are very proud to have built the Avoca business into one of the largest estate and block management businesses in the North of England.
“It seems like only yesterday we decided to launch Avoca, and in joining Kingston we are hugely excited by the prospect of being part of such a well-respected and impressive property management team.
“All of our customers can be sure that their current high levels of service will be unaffected by our move to Kingston. We will now be operating as part of a larger and more specialised block management team, which will allow us to provide an even more comprehensive and exemplary service for our customers.”