BNP Paribas Finalises Acquisition of AXA Investment Managers
AXA has sold its investment arm to BNP Paribas Cardif for cash proceeds of €5.1 billion. BNP Paribas Cardif is the insurance subsidiary of BNP Paribas, and has...
Read Full ArticleWates Group has acquired property services business Liberty from social housing provider ForHousing.
1,000 staff members will join Wates, making it a 6,000-employee-strong business.
Liberty will join the property services arm of Wates, adding a specialism in domestic property repair, maintenance, heating and compliance to the business. This will support Wates’s expansion into the heating and compliance market, as well as renewable energy services.
The Liberty brand name will remain, trading as part of Wates Property Services.
David Morgan, Executive Managing Director at Wates Property Services, said “We’ve been actively seeking a specialist property support business to expand and strengthen our existing expertise in the social housing sector, and extend our range of services into the areas of heating and compliance, as well as renewable energy services. In Liberty, we’ve found the strategic fit we were looking for, so I’m delighted to be able to make this announcement.”
Ray Jones, Group Managing Director at Liberty, added “Liberty will continue to trade under its own name as part of Wates Property Services, whilst also ensuring high-quality service delivery for its clients and their customers, covering property repairs, maintenance, heating and compliance services, as well as construction and decarbonisation projects.”
Picture: a photograph showing a person in a hi-vs jacket and hard hat fixing a kitchen sink. A person holding a small child is next to them. Image Credit: Wates
Article written by Ella Tansley | Published 02 October 2024
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