LRG has snapped up CBGA Property Management, a specialist commercial property business operating from London and Birmingham.

It’s the first time a dedicated commercial management brand has joined LRG’s portfolio.

The acquisition gives LRG an established platform from which to develop its commercial property offering. 

CBGA was founded in 1989 and spans the office, industrial, retail and leisure sectors. 

Its services include commercial property management, service charge administration, client reporting, property inspections, facilities management, health and safety compliance, and pre-purchase due diligence.

The business will continue to operate under the CBGA Property Management name from its London and Birmingham offices. 

Simon Worthington, Chief Strategy Officer at LRG, comments: “For clients and the team, it will be business as usual. CBGA Property Management will continue to operate under its existing name, with the same management team and the same partner-led, personal service. 

“LRG will provide the wider support, resources and scale to help the business build on its success. As our first dedicated commercial management brand, it also gives us a strong platform from which to develop our wider commercial offering.”

A statement from LRG says: “The acquisition forms part of LRG’s continued strategy to expand its specialist property services and partner with established businesses that have strong leadership teams, trusted client relationships and clear opportunities for sustainable growth.”