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Residential wing of commercial firm snapped up by growing agency

Large scale Scottish factoring operation James Gibb Residential Factors has acquired the residential division of Aberdeen-based commercial property consultancy FG Burnett.

The deal grows the number of properties under management by James Gibb by 3,000 units, taking its total number of managed properties to over 50,000.

James Gibb’s Aberdeen region has increased its staffing levels by three to manage this new portfolio and is also doubling its office space in the city centre. 


Growth in Aberdeen has been significant over the past two years for James Gibb, which has tripled the volume of properties under management in the city since 2019.

Douglas Weir, chief executive of James Gibb, says: "We have been consolidating the factoring sector in Scotland carefully and this is another statement move as we aim to create genuine competition and differentiation in the market." 

The acquisition marks another milestone in the growth of James Gibb, which has now grown more than 12-fold in the last ten years. 



In 2012, the business had 4,000 units under management when it was acquired by Strathspey Capital, its parent company. The business is seeking further opportunities to grow through acquisition, including setting its sights on key cities in England, such as Birmingham and Manchester.

Weir adds: “This is an exciting time for our industry where consolidation of existing factoring businesses will lead to improved resources and enhanced technological capabilities. We have seen the lettings sector consolidate dramatically and we expect to see factoring go through a similar process of change.”


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