finance

Scottish estate agency group makes four UK acquisitions



Scottish-headquartered estate agency and lettings group Lomond has completed four acquisitions, following its recent merger with Linley & Simpson.

Two of the businesses joining the Lomond group, Pad Residential and Allison & Co, are based in Manchester, while Halls Estate Agents is in Brighton and Craigflower Lettings is in Edinburgh.

In total, a further 700 properties under management have been added to the Lomond portfolio.

Each of the acquired businesses will be integrated into existing Lomond brands, namely Thornley Groves in Manchester, Brand Vaughan in Brighton and Braemore in Edinburgh.

Lomond group chief executive Stuart Pender said: “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.

“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 beginning of this 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 in December.

Lomond now manages more than 23,000 residential properties and employs more than 580 members of staff, through a network of regional businesses in Aberdeen, Edinburgh, St Andrews, Birmingham, Manchester, Brighton, Leeds, York, Hull and Sheffield.



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