Cairn Group marks quarter century of operation

Cairn Group marks quarter century of operation

David Rowand

Cairn Group has marked a quarter century of building a ‘whole market’ residential property agency across Scotland’s central belt.

Within the last year, a series of acquisitions and a comprehensive management restructure with the promotion of its management team to create joint managing directors and a new director, stands it in good stead to continue to build its market share over the next quarter century.

That restructure saw former finance director Paul Shields become joint managing director alongside Jennifer McGonigle, former sales and investment director while Fiona Herbin was promoted to associate director.

The restructure followed a period of significant growth via acquisition over recent years which has seen Cairn acquire JJM Properties in Glasgow, Grange Letting in Edinburgh, Stephen McIntyre Letting in Portobello, Glasgow-based Rannoch Property, Clyde PM, the factoring arm of estate agent Clyde Property, and the Scottish arm of Glasgow-based Nationspaces Developments.

David Rowand, CEO, Cairn Group, said: “Marking our 25th anniversary is a considerable achievement, and, despite challenging business conditions, we continue to grow at pace, which is credit to our dedicated and talented staff and loyal clients who have entrusted us with their properties over many years.

“The past quarter century has not been without its challenges, we’ve been through two banking and financial crises, along with Covid – while the biggest present challenge is keeping up with the continuous legislative changes we face as each political party alters how the market operates and what taxes people pay.

“Despite these challenges, we have been able to create a solid foundation for our business and build it safely and securely (which is why we named the business ‘Cairn’) through rapid diversification into other market sectors to create a ‘whole market’ agency dealing in all areas of residential property.”

Cairn now employs a staff of 25 and aims to double its turnover to £3 million and portfolio to 2500 units under management within the next five years through its ongoing expansion strategy.

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