Scottish commercial property company Ryden is merging with Mason Philips, the London investment agent.
The new business will operate under the Ryden name with the London office of Mason Philips in Regent Street becoming Ryden’s base in the city.
The deal significantly increases the size of Ryden’s property management business in England, where the firm already has a Leeds office.
It will give it a rent roll of £40 million and 2,100 tenants. Almost half of Ryden’s management income will come from English property and around 20% of the firm’s total turnover will be generated outside Scotland.