Made in Chelsea! Boutique firm expands with latest agency deal

Boutique Knightsbridge estate agency Nicolas Van Patrick (NVP) has acquired Chelsea lettings and management company HLR and is on the lookout for more firms.

The independent firm, co-founded by Nicolas Pejacsevich, Patrick Alvarado and Dutch businessman John Fentener van Vlissingen in 2014, has added well-established 40-year-old brand HLR to its stable, having acquired Hobart Slater in 2018.

The HLR team will move into NVP’s Montpelier Street offices.

With the continued support of Boron, the investment company of the J.A. Fentener van Vlissingen family, NVP said it remains on the lookout for further acquisitions if the right opportunity comes along.

Nic Pejacsevich, director of NVP, said: “Over the years, it has become clear that to succeed in agency it is important not to be too reliant on the sales market, which can be sporadic and unpredictable. Subsequently, we have plans to grow the lettings side of the business and have been in the market for a while for a company with the same ethos and relationships that we have built with our clients at NVP.

“I had long heard about HLR’s highly-experienced and dedicated team and their success in the rental business. We believe this is the right fit for NVP and are excited to continue to build a foothold in Chelsea, an area we have long worked in and loved.

“We remain extremely passionate about maintaining the ethos of a boutique agency with a vision to build long-lasting relationships with clients, a view shared by Ginny and her team.”

Ginny Hicks, co-founder of HLR, added: “We are excited to work with NVP and for this next chapter. We have always felt that being a small company gives us an advantage, one we see continuing with NVP. Both companies understand the value of an experienced team headed by accessible partners who offer a personal and bespoke service.”