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Newton Acquires PMC for 50K Properties | Glasgow News
Description
Newton Property Management just pulled off its biggest acquisition yet by buying PMC Property Management in Oldmeldrum, adding over 10,000 properties and bringing their total to 50,000—aiming to dominate Scotland’s property market. PMC will retain its name while co-owner Neale Bisset joins Newton’s business team, and Annette Hudson steps back into retirement. This move accelerates Newton’s three-year growth spree, nearly doubling its portfolio. CEO Vincent Goldie called it a “landmark moment,” promising unchanged service quality for existing clients and new 24/7 emergency support for PMC tenants. They’re also expanding contractors and boosting efficiency at scale. Revenue is projected to jump to £9.5 million in the first year, backed by Bank of Scotland, who saw Newton’s clear vision and cultural alignment as key strengths.
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