Nottingham Building Society Acquisition (7310W)
31 Janeiro 2013 - 7:00AM
UK Regulatory
TIDMNOTP
RNS Number : 7310W
Nottingham Building Society
31 January 2013
Press Release
Thursday 31 January 2013
NOTTINGHAM BUILDING SOCIETY ANNOUNCES ACQUISITION
OF ESTATE AGENTS HARRISON MURRAY
Nottingham Building Society (The Nottingham) has today announced
that it has acquired East Midlands estate agents Harrison Murray as
part of its long term strategy.
The acquisition follows the announcement in December of the
proposed merger with Shepshed Building Society in July 2013 and
will further extend the reach of The Nottingham's franchise and
high street network.
The acquisition will strengthen the Society's existing estate
agency offering and provide the opportunity to make its range of
mortgage, savings, planning & protection products and services
available on more high streets across the East Midlands and
beyond.
There will be significant benefits to the enlarged Society, as
each party makes its own expertise and skills available to members
and new customers. Harrison Murray is a leading estate agent in its
local markets and The Nottingham is an award winning regional
building society.
Harrison Murray will continue to trade under its existing name
as part of The Nottingham family. The acquisition makes The
Nottingham the largest independent estate agency in the East
Midlands, with 32 estate agency branches across its trading
area.
David Marlow, Chief Executive of The Nottingham, said,
"Following a period of strong performance by the society in
difficult market conditions, this acquisition is part of our
strategy to grow both our profile and reach. This is good news for
local customers and staff of both organisations, as we combine our
complementary capabilities and locations to improve the range of
great value products and services on offer through an enlarged
network.
This move will allow us to strengthen our estate agency
offering, for example giving us an ability to offer lettings for
the first time, whilst also providing opportunities for us to
introduce building society services in a number of new locations,
providing more choice for our increasing membership and attracting
new customers from further afield."
Nick Salmon, Managing Director of Harrison Murray Ltd, added,
"We are extremely excited to become part of The Nottingham family.
Like The Nottingham, we have performed well in a tough market and
we believe this move strengthens our position further. There are
strong synergies from becoming part of a larger group with
complementary skills, which undoubtedly will bring new
opportunities and stronger choice for customers.
The acquisition will make the new group the largest
independently owned estate agency in the East Midlands with further
presence in East England and the Home Counties. The new estate
agency group with 32 branches will truly be a force to be reckoned
with in our chosen markets."
ENDS
FOR MEDIA ENQUIRIES OR ADDITIONAL INFORMATION PLEASE
CONTACT:
Peter Stanhope | Communications Manager | The Nottingham
Telephone: 0115 956 4264 | Mobile: 07920 523303
Email: peter.stanhope@thenottingham.com
OR
NICK SALMON | Managing Director | Harrison Murray Ltd
Telephone: 01604 788288 | Mobile: 07831 805455
Email: nicksalmon@harrisonmurray.co.uk
Notes to Editors
1. Since the onset of the financial crisis in 2008 The
Nottingham has consistently performed well and in the past two
years particularly has significantly strengthened as it delivered
its unique combination of financial services products to more
customers and members across it's heartland. The acquisition of
Harrison Murray is another key important step forward in extending
its reach and profile across the East Midlands.
2. Harrison Murray is well established in its local markets and
will continue to trade under its current name. The new estate
agency group now becomes the East Midlands' largest independent
estate agent with 32 branches.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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