London-based estate agent Carter Jonas has merged with Newbury-based rival Dreweatt Neate, and will trade under the Carter Jonas brand. The terms of the deal have not been disclosed.

Carter Jonas currently has 20 offices across the UK, while Dreweatt Neate has 11 offices in southern England. Following the completion of the merger on 1 May, the firm will have 75 partners and 400 staff, and will generate a combined turnover of £30 million.

Mark Granger, chief executive of Carter Jonas, commented: “The two firms have been talking for more than a year and we are thrilled to have finally achieved an outcome that will help deliver an enhanced service to our wide-ranging client base.”