Mercantile Group acquires Chesterton

Mercantile Group has acquired Chesterton for an undisclosed sum and it now fully owns Chesterton including Chesterton Global.

Chairman Salah Mussa said: ‘We see these difficult market conditions as an opportunity for the continued development of the Chesterton brand and we believe that Chesterton will thrive and enhance its position in this real estate market.

‘I am very appreciative of all the value that Consensus has added to Chesterton over the years and I look forward to working with them on other endeavors in the future.‚Äô

The Mercantile Group is establishing a wide ownership in the residential agency business and also owns estate agent Humberts. It bought Humberts in June.