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Agency seeking acquisitions in England after Scottish success

Property management business James Gibb has acquired the residential division of Dundee-based J Reavley Factoring Limited.

The acquisition will increase the number of properties currently under management at James Gibb by 1,400 units, taking the number to well over 52,000 units.

David Reid, chief executive at James Gibb, says: “The acquisition of J Reavley Factoring marks another milestone in the development of our portfolio, which has grown 10-fold in the past 10 years. It is another step towards ensuring that our customer base has a local presence in every major city in Scotland.


“We have spent the past number of years investing in systems and process developments to provide the highest levels of service to our customers. J Reavley Factoring will help us to continue to build our service proposition; provide a culture of high value to our customers and teams and create genuine competition and differentiation in the marketplace.”

Reid says his firm is now seeking further growth opportunities through acquisition, including setting its sights on key cities throughout England, including Birmingham and Manchester.

Jack Reavley, managing director at J Reavley Factoring, adds: “We are pleased to have completed the acquisition with James Gibb. It was important to J Reavley Factoring that the portfolio transferred to a manager of real quality. It will assist in bringing investment as well as employment opportunity in the area.”


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