The deal brings approximately 2,000 new clients across 130 developments located throughout Glasgow, Renfrewshire and Ayrshire into the Park portfolio. As part of the transaction, three members of staff have transferred to Park under TUPE arrangements, including former Indigo Director, Val West.

Indigo Square, owned by Brian Gilmour, will continue to operate its estate agency business from its offices in Glasgow and Largs.

To support its expanding operations, Park Property Management has also secured new office accommodation at Centurian Business Park, Seaward Place, Glasgow. The two-storey building spans over 4,000 sq ft and will also house the newly launched Park PM Academy — a dedicated training facility for staff development.

Paul McDermott, managing director of Park Property Management, said: “We’re delighted to have completed this acquisition, which represents an important milestone in our growth journey. We remain committed to identifying further acquisition opportunities as part of our long-term strategy.”

He added: “Investing in our people is a key priority. The launch of the Park PM Academy reflects our commitment to professional development and raising standards across both our business and the wider industry.”

The acquisition was supported by funding from RBS.