Historic Estate Agents in UK Chestertons Now Shares Ownership Title with Swiss Equity Firm Emeria
In the latest property market news, one of UK’s heritage real estate Agents, Chestertons , was acquired by Swiss Private Equity Firm Partners Group, Emeria for a mysteriously generous sum of money! According to experts, the Emeria deal came as a blessing in disguise for the otherwise grappling financial situation, these 200-year-old estate agents in London were facing for a while. A joint statement released by the now Chestertons-Emeria Group stated, “In a move that will see substantial investment into the expansion of the 200-year old business. Chestertons will now operate within Emeria UK’s ‘Champions’ division”. While the UK real estate market rocks on a bed of sky-touching prices and disruptive mortgage rates, a power move like this by Emeria is believed to change the fate of prime and elite real estate dealings. However, Chestertons, owned by Mercantile Group since 2005, is looking forward to putting their two decades of struggle to good use with this merge...