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Whinney Mackay-Lewis expands into a new role

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Whinney Mackay-Lewis is expanding into a diversified property services group, thanks to a deal put together by property group Rotch.

Prime Estates Holdings, which manages Rotch's property interests, is being sold to WML in return for shares valued at £3.6 million, while Whinney Mackay-Lewis will also acquire M&E Project Services, whose profit performance will be underwritten by Rotch. Rotch will end up with around 42 per cent of WML, which will trade on AIM, the Alternative Investment Market. The newlook WML group will look at multi-tenanted buildings that have fallen into decline and look to refurbish them.

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