No, the property needs to be set up again in the new company along with any tenancies and tasks associated.


It may be archived in the old company, or if the company it belonged to previously is being archived this is not necessary.  


If you do not want to archive the old record of the property, ensure any tenancies are cancelled so that you don't end up with both companies sending out rent invoices.  Also consider renaming the property and tenancies to avoid confusion with the new information.