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Finance advisory specialist Hutcheon Mearns has diversified its core business activities with the launch of Hutcheon Mearns Real Estate.
This new real estate advisory service will provide the firm’s clients with independent advice and expertise on their commercial property portfolios.
It will be led by Iain Landsman, who is described as a “well-known name” in the Scottish property sector. He joins the company as director, moving from his previous role as a director with global property consultant CBRE.
In his new role, Landsman will lead the development of Hutcheon Mearns Real Estate using his 15 plus years’ experience in the Scottish property market. He has previously been involved in some of the highest profile transactions in the Scottish market, working with a range of key clients across different sectors.
Hutcheon Mearns said the opening of this new business line is a “natural progression” in its growth strategy, which focuses on identifying and implementing “innovative” ways to support its clients.
It added it was a “clear next step” following the establishment of its deals advisory business in 2018 to provide support on M&A and transaction due diligence.
Adam Maitland, managing director of Hutcheon Mearns, said: “Property tends to be a significant area of consideration for any M&A transaction – whether that is in relation to owned or leased properties. Our teams have day to day conversations with business owners, CEOs and finance directors who often have property issues they need support with.
“The establishment of Hutcheon Mearns Real Estate provides a valuable link between deals advisory and property advisory, so that we will now be able to provide another area to optimise shareholder value in transactions.”
Landsman added: “Business owners need to consider property matters ahead of any potential business sale. That means there is a clear need in the market for a service such as this which can provide clients with independent, expert real estate advice to ensure they safeguard and maximise their investments in property as part of a transaction process.
“This will create a much more seamless and far less complicated transaction for clients before, during and after an M&A process. Prior to this, they would have had to outsource the services of a surveyor, but now they can access all the information, advice and support they need from a single source.”
In addition to providing real estate advice to companies engaging in business transactions, Hutcheon Mearns Real Estate will provide a full range of property services across the commercial real estate sector.
