Fisher German merges with Vine to create £41m consultancy

Leicestershire-based Fisher German is merging with Birmingham-based Vine Property Management to create a £41m business. The two firms, which together will have 26 offices across the UK, have been in discussions for around a year. Vine Property Management adds 51m sq ft of retail, industrial and office property and £2.7bn of assets under management to the Fisher German business. Fisher German, which specialises in commercial, rural and residential property, as well as development, utilities and sustainable energy, has grown significantly in the past six years, expanding its turnover from £19m to £35m. Alongside organic growth, the business has merged with nine property consultancies since 2000. It now employs around 500 staff. Fisher German managing partner Andrew Bridge said: “We have been looking to grow Fisher German and to further expand our presence in the commercial sector. Vine Property Management will not only bring a proven track record and new disciplines to expand our current commercial offering but will also take us into new geographical areas allowing for further growth. “From that commercial point of view, it is a perfect fit but it soon became clear as we advanced talks that the two companies share a belief in ethos, values and levels of customer care, which only adds to the strength of the new group.” Vine senior partner James Rigby said: “We have watched the impressive sustained growth of Fisher German over recent years and believe by coming together we will equal more than the sum of our parts. “The merger will mean we can offer a whole new range of services to existing clients of both companies, and also attract fresh clients with an expanded expertise in new areas.” Vine will rebrand as Fisher German in 2020. Springboard Corporate Finance, Cooper Parry and Browne Jacobson advised on the merger. To send feedback, e-mail samantha.mcclary@egi.co.uk or tweet @samanthamcclary or @estatesgazette