Leeds-based Parklane Group has bought a 50 per cent share in their long standing business partners Broadley Group, who are a well-renowned provider of building maintenance and development work.
The Parklane Group has been building its business portfolio for over 30 years, largely dominating the Leeds rental market with professional and student property brands, including Parklane Properties, RentInc and luxury student accommodation IconInc, along with Leeds Golf Centre and Roomzzz Aparthotels.
The Broadley Group has been trading from its Leeds HQ for over 50 years, offering a range of business maintenance services including construction, refurbishment, joinery and flooring working on a number of successful projects such as Leeds Trinity Shopping Centre and Headingley Carnegie Stadium.
Parklane Group has been doing business with the Broadley Group for almost 20 years and has maintained a strong working relationship, most recently constructing Roomzzz Chester, Roomzzz Nottingham, Boston Exchange in Leeds and carrying out the commercial fit for IconInc’s first student development, The Edge.
The partnership will see Parklane Group’s head of Construction, Paul Manku, move over to the board at Broadley Group. The partnership will not see any significant changes across the businesses other than the formal arrangement of the partnership.
Gary Broadley,cChairman of the Broadley Group, said: “We know the team at Parklane really well having worked closely together for two decades on a successful number of projects.
“We’re looking to grow the business further with an aim to be one of the premier construction developers in the UK and this partnership will allow us take on bigger projects in the long-term.
Ian Campbell, Broadley Group MD, said: “With Parklane’s plans for the future and our business relationship going from strength-to-strength, we’re delighted to formalise the relationship and look forward to welcoming Paul to our team.”
Managing director of Parklane Properties, Naveen Ahmed, said: “This is an exciting opportunity to strengthen links with a valued partner as we continue to expand the business with seven new openings planned for Roomzzz in major cities across the UK, as well as many other builds across the Parklane Group. We look forward to delivering many more successful builds together.”