LAW firm Clyde & Co has agreed a deal to transfer its estate agency team from Simpson & Marwick to Ledingham Chalmers.

All 12 Simpson & Marwick Aberdeen staff, including property partner David Geddie, will transfer along with Ledingham Chalmers’ personnel to a new entity trading as Ledingham Chalmers Estate Agency.

It will operate from Simpson & Marwick Aberdeen’s current Alford Place premises and Ledingham Chalmers’ headquarters in Rose Street, covering all aspects of buying, selling, renting and conveyancing.

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The deal creates one of the city’s largest estate agencies in terms of the number and value of properties sold, set against a backdrop of an improving property market, it said.

Mike Cunningham, partner and head of residential property at Ledingham Chalmers, said: “This deal presents an important evolution of our firm at a pivotal moment for the north east.

“This deal isn’t about increasing size for the sake of it, it’s about bringing together two strong practices delivering unrivalled knowledge and expertise to clients and creating a stronger, sustainable market position in a region that’s experiencing something of a renaissance. That’s our motivation, and we’re excited about what the future holds.”

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Mr Geddie said: “We’re enthusiastic about what it means to come together and create something new that offers such an impressive service to clients ranging from first time buyers to those looking at the very top end of the market.”

The residential property division of Clyde & Co will retain and continue to use the Simpson & Marwick brand in Edinburgh and East Lothian where it has a team of 30. Clyde & Co’s remaining Aberdeen office, led by partners Harry Boyle and Mark Donaldson and part of the firm’s leading global insurance practice, is unaffected by the move.

David Tait, managing partner for Clyde & Co Scotland, said: “We thank David Geddie and his team for their hard work over the years for Simpson & Marwick Aberdeen clients and wish them all the best for the future as they become part of Ledingham Chalmers Estate Agency.”

Once the new team joins, personnel numbers at Ledingham Chalmers, which has offices in Aberdeen, Edinburgh, Stirling and Inverness, will rise to 198 including 33 partners.