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HML Holdings Plc Acquires Block Management Business Of LHH Management LLP

Friday, 1 Nov 2013 03:00am EDT 

HML Holdings Plc announced that it has acquired the block property management business of LHH Management LLP (LHH), based in Kensington West London. The consideration for the acquisition is GBP290,000 which will be satisfied in cash from HML's working capital. GBP232,000 is payable on completion and the balance of GBP58,000 is deferred over one year and subject to client retention performance conditions. The business acquired manages over 400 units in and around the Kensington and Chelsea area. HML will not be acquiring the letting business. 

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