Lomond Group’s big deal
LOMOND GROUP, has become the largest lettings and estate agent in Scotland after acquiring DJ Alexander.
The move, which was supported by Lomond Group’s private equity partner LDC, brings Lomond Group’s portfolio of managed properties to 9,500 in Scotland, and significantly strengthens the company’s presence in the central belt. It was the Group’s 24th acquisition last year and means it now manages more than 30,000 properties throughout the UK.
Stuart Pender, Group Chief Executive of Lomond Group, said: “DJ Alexander is a highly respected agency in the Scottish central belt with a reputation for excellence in the industry. We are delighted to bring the brand and its people into the Lomond Group, significantly strengthening our presence in Edinburgh and Glasgow. The acquisition emphasises our focus on consolidating fragmented regional markets to enhance the proposition our sector offers to clients while maintaining a local, on-the-ground approach which brings significant benefits to landlords and tenants.”
Managing Director at DJ Alexander, David Alexander, added: “Anyone who has ever worked with me over the last 40 years knows how driven and passionate I am. I thank them from the bottom of my heart in helping to establish a trusted and recognisable brand across central Scotland. I will take the same drive and passion to the Lomond Group and look forward to playing my part in establishing it as the UK’S number one agent.”