LSH’s Chief Executive, Ezra Nahome said: “Today heralds a significant moment for LSH - we are now a debt free business with the perfect long term partner. As an independent brand with the significant financial backing of Countrywide Plc, the future is bright for us.”

“The timing of this transaction could not be better. As the economy continues to recover, we are seeing increased development activity across the UK. Combining the resources and skills of the strongest regional commercial property advisor with the UK’s largest integrated property services business will provide clients with market leading advice at every stage of the development lifecycle.”

This news comes on the back of a series of high profile wins for LSH, including their appointment to provide development advice to the London Legacy Development Corporation, the recent high profile sale of the Project Neo portfolio for £118.6m, the £48.6m acquisition of the Project Quartz portfolio for Helical Bar Plc and their appointment as advisers to Nationwide Building Society across its UK wide commercial property portfolio.