RICHMOND, Va., Aug. 24 /PRNewswire-FirstCall/ -- LandAmerica Financial Group, Inc. , a leading provider of real estate transaction services, announces the acquisition of Chisholm, Nurser & Partners Limited ("CNP"), one of the United Kingdom's leading independent building and project consultants. This acquisition will result in a significant expansion within LandAmerica's suite of commercial real estate services offered throughout Europe.
CNP will become part of LandAmerica Assessment Corporation ("LAC"), a subsidiary of LandAmerica. The acquisition will complement and increase LAC's resources and product offerings in the European commercial real estate marketplace.
Founded in 1994, CNP has enjoyed consistent growth and has established offices throughout the United Kingdom, Ireland, and in Berlin. CNP offers building surveying, project management, quantity surveying, and construction technology to a diverse range of investment funds, banks and financial institutions, agents, property developers, and the public sector.
"The time was right to increase LAC's capital investment in our European operations," said Charles Victor, Executive Vice President - LandAmerica Assessment Corporation. "To that end, we sought out CNP, a recognized leader in the UK commercial building and project consultancy industry. This acquisition represents a significant expansion of LAC's resources, talent, and service offerings throughout Europe, and we are excited to welcome CNP to the LandAmerica team."
Andrew Chisholm, Managing Director of CNP, sees the acquisition as an important opportunity for the company and its clients. "This new arrangement enables us to maintain the unique attributes of CNP's service while benefiting from the support, strength, and resources of LandAmerica."
LAC offers a full range of property condition and environmental assessment services, construction project monitoring, and construction cost analysis associated with commercial real estate acquisitions and finance.
As one of the fastest growing firms of its type in North America and Europe, LAC performs more than 20,000 assignments each year on more than $80 billion (USD) of commercial real estate for a wide range of clients including private equity groups, commercial mortgage and construction lenders, real estate investment trusts, Commercial Mortgage Backed Securities (CMBS) originators, and real estate fund advisors.
About CNP, Ltd.
CNP is one of the UK and Ireland's leading specialist firms of building surveying and project consultants. CNP's success has been achieved through the delivery of enhanced service levels that put the client's business needs at the heart of service provision. The result is the delivery of key advice on a rapid, accurate, and cost-effective basis which is immediately actionable by clients.
CNP operates seven offices throughout the UK and Ireland, and its continental European work is supported from the firm's Berlin office. Website: http://www.cnpltd.co.uk/
About LandAmerica Financial Group, Inc.
LandAmerica Financial Group, Inc. is a leading provider of real estate transaction services with over 900 offices and a network of more than 10,000 active agents. LandAmerica serves agent, residential, commercial, and lender customers throughout the United States, Mexico, Canada, the Caribbean, Latin America, Europe, and Asia. LandAmerica is recognized as number one in the mortgage services industry on Fortune's 2007 list of America's Most Admired Companies.
