Estate agency snaps up Lambert

AOL Money Staff

Countrywide, the UK's biggest estate agency chain, has staked £34.1 million on a resurgence in the commercial property market by snapping up 240-year-old consultancy Lambert Smith Hampton (LSH).

The group is acquiring LSH in a pre-pack administration deal that wipes out debts left over from an ill-fated management buy-out just before the market crashed.