Two well-known North East property companies are joining forces in a deal that will create one of the region’s largest independent operations of its kind.

The two property companies are Naylors and Gavin Black & Partners, which have decided to come together to form Naylors Gavin Black LLP. The new entity will commence trading with immediate effect and comprise a combined team of 38.

Established in 1990, Naylors is appointed on the likes of the International Advanced Manufacturing Park (IAMP), VAUX, Integra 61 and The Biosphere. Gavin Black and Partners is retained by a number of property occupiers such as Vertu Motors, Leeds Building Society, Network Rail, Sumo Digital and British Engines.

The new company is looking to build on the success of the pair’s high profile agency teams.

Gavin Black, Chris Pearson and Martyn Collins of Gavin Black & Partners will be joining Angus White, Fergus Laird, Keith Stewart and Chris Donabie of Naylors as equity partners.

“The new business is driven by the mutual desire of both firms to be a market leader by reputation, underpinned by our shared values and clear focus on client service,” said Gavin Black.

“Both offer complementary service lines and expertise making this a logical and attractive partnership. Coming together allows us to combine areas of strength to provide a broader range of services and greater depth of knowledge to our clients,” Gavin added.

Angus White, who will be taking on the role of managing partner, also added: “Our strategic priority is the creation of one regional market-leading organisation, offering the highest standards in client service across all sectors. Together, we will have an unrivalled presence in the North East business space market, taking a leading role in the region’s flagship schemes.”

The integration of the two businesses will commence imminently, with Gavin Black & Partners relocating to Naylors’ head office in Newcastle.