Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property Industry Eye. Read the original article for full details.

LRG Acquires CBGA Property Management in First Commercial Brand Deal

LRG has acquired CBGA Property Management, marking the addition of its first dedicated commercial property management brand. The acquisition brings an established commercial operation with offices in London and Birmingham, a national client base, and a UK-wide managed portfolio into the LRG group.

Founded in 1989, CBGA Property Management provides commercial property management and advisory services across the office, industrial, retail, and leisure sectors. Its services include property management, service charge administration, client reporting, property inspections, facilities management, health and safety compliance, and pre-purchase due diligence.

CBGA will continue to trade under its existing name from its London and Birmingham offices. The current management team, including Richard Turner, will remain in place. LRG stated that the acquisition forms part of its strategy to partner with established businesses that have strong leadership teams, trusted client relationships, and clear opportunities for sustainable growth.

For letting agents and inventory clerks, this move signals LRG’s expansion into the commercial property management sector, potentially broadening the range of services and expertise available within the group’s portfolio.