Atisreal this week acquired Southampton practice Neilson Holt.

Just one month after buying industrial specialist Fuller Peiser, the company, funded by BNP Paribas Real Estate, has purchased the team of nine, led by Simon Neilson and Roger Holt.

As a result, Southampton will become Atisreal’s fourth largest regional market behind Birmingham, Bristol and Manchester.

The team will relocate from its office at Carlton Crescent and join forces with Atisreal’s existing office of 23 staff at Alleyn House.

Tim Malthouse, executive director at Atisreal, said: ‘The ambition within Atisreal is to be in the top three firms in every market. This is why the acquisition of Neilson Holt was such an opportunity.’

Neilson and Holt will become directors and report to office director Stuart Cook.

Cook said the strategy for investing further in Southampton was mainly because of the area’s diverse employment base, especially in IT and telecoms.

The deal is expected to complete before January.

Neilson Holt, which specialises in agency, development, valuations, ratings and property management, has a client list including retailer John Lewis and Barclays Bank.