StockMarketWire.com - HML Holdings - a leading provider of property management, insurance and ancillary services to residential property blocks - has acquired the block property management business of LHH Management, based in Kensington, West London. The consideration for the acquisition is £290,000 which will be satisfied in cash from HML's working capital. £232,000 is payable on completion and the balance of £58,000 is deferred over one year and subject to client retention performance conditions.

LHH is a firm of residential property managers which also undertakes lettings management. HML will not be acquiring the letting business.




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