Edinburgh-based estate agent Coulters has merged with with local rival solicitors and property firm Purdie & Co.
Purdie partner Struan Douglas and his team have joined the Coulters’ 36-strong office and will work with legal partner Wilson Browne to enhance the company’s conveyancing offering to clients across Edinburgh and East Lothian.
Following the launch of its North Berwick property hub at the end of 2021, the merger is the latest step in Coulters executive chairman Mike Fitzgerald’s strategy to turn the property company’s reputation into Edinburgh’s local experts.
The expansion plan aims to secure an additional 2% market share and 25% revenue growth over the next two years.
In addition to the Purdie & Co merger, Coulters has created a further half dozen new roles in recent months across estate agency, legal and marketing.
This year will also see a new West End head office for Coulters, as the business moves from its current Edinburgh Park location, with further city locations in the works.
Mike Fitzgerald, executive chairman at Coulters, said: “We’ve seen a particularly strong property market in Edinburgh over the last year with lots of buoyancy as people consider moves across the city to different areas and different types of homes.
“Our services are in high demand and the merger with Purdie & Co will enable us to support and grow accordingly.”
Douglas added: “Coming together with the well-respected team at Coulters presented an unmissable opportunity in the thriving Scottish property market for Purdie & Co.
“Clients will benefit exponentially from our collective resources, knowledge and expertise, as well as Coulters’ sterling reputation and access to the market across Edinburgh and East Lothian.”
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