19th Feb 2019 10:22
LONDON (Alliance News) - HML Holdings PLC on Tuesday said it acquired property management business Residential Block Management Services Ltd for GBP675,000 in cash.
The acquisition was covered by HML's existing facilities, the residential property management firm explained.
A further cash sum of GBP169,000 will be paid subject to the achievement of certain criteria within 12 months from the acquisition date.
"We are pleased to welcome all the team at RBMS into the HML Group. The business will become a valuable addition to our network of offices in London and provide ideal coverage for us in this important geographical area," Chief Executive Officer Rob Plumb said.
HML shares were trading up 1.9% at 32.10 pence each.
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