London-based P.C.M. Limited, the property and construction consulting arm of Pettifer Group, has been sold to Confluence Project Management.

The deal saves 64 jobs following the adminsitration of Pettifer Construction earlier this month.

KPMG is the administrator.

Will Wright, restructuring director at KPMG, said: 'In a difficult market we are delighted to have secured this sale which preserves the jobs of the 64 company staff just prior to the Christmas period.

'We are continuing our work on the administrations of Pettifer Construction Limited, Pettifer Estates Limited and Pettifer Group Limited.'