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News | Independent Commercial Property Agents | PAI

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Fenn Wright continues expansion with purchase of Newman Commercial

Thursday, 31 August 2017

Fenn Wright Continues Expansion with Purchase of Newman Commercial

PAI member Fenn Wright has completed its second business acquisition in a month and the third this year.  Following the recent acquisition of Chelmsford based Taylor & Company, Fenn Wright has acquired the highly regarded business of Newman Commercial, based at Colchester Business Park. 

Jeremy Newman and his team will continue to operate as Newman Commercial from their current offices at the heart of Colchester Business Park with contact numbers and email addresses remaining unchanged.  

The bringing together of the three successful entities (Fenn Wright, Taylor & Company and Newman Commercial) will allow property owners, occupiers and their professional advisors access to a unique resource of market intelligence and expertise throughout Essex and Suffolk. 

Newman Commercial will now be able to offer its clients an expanded range of commercial property services including: 

- formal ‘Red Book' valuations
- building consultancy advice (such as building condition surveys, dilapidations and building regulation submissions) 
- business rate guidance 
- as well as assistance with a wide range of landlord and tenant negotiations.

Lewis Chambers, head of commercial at Fenn Wright, commented: “We very much welcome Jeremy Newman and Michael Moody’s expertise. The priority for the enlarged business will be to fully meet the needs of existing and new clients and our goal is to cement Fenn Wright’s reputation as the dominant commercial property advisor in Essex and Suffolk.”  

At the beginning of the year, the business acquired Thorntons Estate Agents in Sudbury. This latest acquisition increases the Fenn Wright team of property specialists to around 150, with the expanded business now operating out of nine locations across Essex and Suffolk.

Pictured (left to right): Jeremy Newman (partner, Newman Commercial), Lewis Chambers (partner – head of commercial division, Fenn Wright), Alan Williams (managing partner, Fenn Wright), Michael Moody (associate partner, Newman Commercial).