Fast-growing agency group moves closer to becoming national chain

28 January 2021 | Renting

Fast-growing agency group moves closer to becoming national chain

Lomond – which recently merged with Linley & Simpson – has acquired four smaller independent agencies in three different cities.

Two of the businesses – Pad Residential and Allison & Co – are based in Manchester and the remaining 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 Lomond portfolio.

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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.

Stuart Pender, Lomond Group’s chief executive, says: “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.”

The news comes after Lomond merged with Yorkshire lettings giant Linley & Simpson earlier this month. 

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 2020.

The merger between Lomond and Linley & Simpson means that the combined operation now manages 23,000 residential properties and employs more than 580 members of staff, through a network of regional businesses in Aberdeen, Birmingham, Edinburgh, St Andrews, Manchester, Brighton, Leeds, York, Hull and Sheffield.

This post has originally been featured in Letting Agent Today.