Lomond completes four acquisitions in three cities

Scottish estate agency and lettings group Lomond has announced the completion of four acquisitions following the recent announcement of its merger with Linley & Simpson.

Stuart Pender

Two of the businesses joining the Lomond group, 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.

With market-leading letting and estate agencies already operating across all three cities, 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, Group CEO 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. 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 residential lettings firm Linley & Simpson at the beginning of 2021. 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 brings together some of the strongest letting and estate agency names on the UK High Street. Lomond merged with Linley & Simpson in January 2021 and now manages over 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.

Tags: PRS, Lomond

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