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HML Holdings

  • BY: Andrew Hore |
  • POSTED: 29/07/2008 |

HML Holdings is acquiring a residential property manger in Weston-Super-Mare.

This is HML’s first acquisition in the south west of England and it will be added to the existing south of England business HML Andertons.

HML is paying £250,000 for Grovewood Property Management, which manages blocks of flats in the Bristol region. One-fifth of the purchase price will be retained for one year and be dependent on performance and warranties.

Grovewood manages more than 1,200 units. It generated profits of £48,000 on revenues of £147,000.

At 11.5p a share, HML is valued at £3.63m. 

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