Lomond seals four more acquisitions
Scottish estate agency and lettings consolidator Lomond has completed four acquisitions following the recent announcement of its merger with Linley & Simpson, adding hundreds of properties to its portfolio.
Two of the businesses joining the Lomond group – Pad Residential and Allison & Co – are based in Manchester, while the other two are Halls Estate Agents in Brighton and Craigflower Lettings in Edinburgh. In total a further 700 properties under management have been added to the group’s portfolio.
Each of the acquired businesses will be integrated into existing Lomond brands – Thornley Groves in Manchester, Brand Vaughan in Brighton and Braemore in Edinburgh.
Stuart Pender, group chief executive of Lomond, said: “We are delighted to be able to announce a number of deals following our recent merger with Linley & Simpson.
“These deals very much signal our intention to continue to consolidate regional markets through our network of market leading regional agents and is a continuation of our approach to building our business while retaining our successful local approach.”
He added: “We are looking for new opportunities to work with good quality lettings and estate agencies across all of our regions.”
Lomond merged with Yorkshire residential lettings firm Linley & Simpson at the start of the year. Linley & Simpson added more than 600 homes to its portfolio only last month with the purchase of the residential lettings and management division of Dacre, Son & Hartley.