Douglas Newman Good Commercial acquired by rival
Lambert Smith Hampton, which owns NI’s BTWShiells, to buy firm
Douglas Newman Good Commercial, which has recently been seeking offers for Exchequer Chambers in Dublin, has been acquired by Lambert Smith Hampton
Founded by Edmund Douglas in 1993, Douglas Newman Good Commerical manages over 2 million sq ft of assets, generating income in excess of €45 million per annum. Its services include property management, sales and acquisitions, lettings, rent review negotiations and valuations.
Edmund Douglas will head Lambert Smith Hampton’s enlarged operations in Dublin and Galway. Peter Rowan, who was previously head of Lambert’s Dublin office has left the business.
Lambert Smith Hampton, which can trace its origins back to 1773, is a national commercial property consultancy with a network of 26 offices across the UK and Ireland.
BTW Shiells was previously part of Lambert Smith Hampton until a management buy-out in 2003.
“It is no secret that Lambert Smith Hampton is on a mission to create the most progressive commercial property agency in the UK and Ireland. We have been investing selectively in areas such as retail agency and property management over the past 18 months, where we are seeing considerable demand for our services,” said Ezra Nahome, the company’s chief executive.
“Bringing Douglas Newman Good Commercial into the group is perfectly aligned with this strategy, building on our acquisitions of BTW Shiells and Tushingham Moore and giving us critical mass in markets where there is significant potential,” he added.