Lomond has strengthened its fast-paced enlargement drive with a second acquisition within the house of every week, additional extending the group’s footprint throughout the UK property sector. The newest deal builds on the corporate’s energetic buy-and-build technique, which has seen it safe a collection of regional lettings and property company companies over the previous 12 months.
The most recent addition to the group is Littlejohns, considered one of Edinburgh’s longest-established lettings brokers, which will likely be built-in into DJ Alexander, Lomond’s flagship model within the area. The announcement comes simply 24 hours after Lomond revealed the strategic acquisition of Proper Let Leeds, whose portfolio will now be managed underneath its Yorkshire flagship, Linley & Simpson.
The acquisition of Littlejohns, based in 1879, additionally follows Lomond’s acquisition of Margaret Duffus Leasing in Edinburgh earlier this summer season.
David Alexander, chief income officer of Lomond, commented: “Having recognized the homeowners and workforce at Littlejohns for a few years, I’ve at all times been impressed by how they’ve grown whereas sustaining that private, people-first method to enterprise. It’s an actual privilege to proceed their legacy and construct on such a proud historical past, with values that align so carefully to our personal at DJ Alexander.”
Ian Shand, proprietor of Littlejohns, remarked: “Proudly owning this well-established enterprise for the previous 25 years has been extremely rewarding. Constructing lasting relationships with each our workforce and our shoppers has at all times been on the coronary heart of our success and development.
“This now appears like the appropriate time to retire and move the enterprise to an individual and organisation we belief to take care of our shoppers as we’ve.
“In an evolving legislative panorama, we’re assured their wants will likely be finest served by a bigger group with the size, know-how and experience to help them into the long run.”
Lomond expands presence following newest acquisition
