Lomond has expanded its operations with two acquisitions, taking over Margaret Duffus Leasing in Aberdeen and the lettings book of Kent-based Regal Estates.
The Regal Estates lettings portfolio will now operate under Miles & Barr, Lomond’s main brand in the South East.
Regal Estates, which has run branches in Canterbury and Sandwich for 25 years, will keep its sales business, led by founder Mark Pullinger and business partner Phillip Goddard.
John Ennis, chief revenue officer at Lomond, said: “Our strategy consists of identifying strong businesses and portfolios in our target markets, and this acquisition of Regal’s portfolio in Kent is no different.
“We are confident we can provide an exemplary and enhanced service to Regal’s landlord clients, and we look forward to embarking on this professional journey with them.”
Pullinger said: “For 25 years we’ve put the best interests of landlords in the local area at the heart of our business.
“However, in this evolving legislative landscape, we believe their needs will be better met with the support of a larger organisation offering broader technologies and capabilities.
“We look forward to seeing our landlord clients thrive as we consolidate and focus on residential sales from our established office in Sandwich.”
In Scotland, Lomond’s agency DJ Alexander has acquired Aberdeen-based Margaret Duffus Leasing, a family-run business established 27 years ago.
Kevin Fraser, managing director at DJ Alexander, said: “Our acquisition strategy in Scotland focuses on identifying thriving businesses operating in the most attractive, high-growth markets.
“Margaret Duffus Leasing fits the brief perfectly, with a loyal client base and strong ties to Aberdeen and the surrounding areas. We look forward to welcoming them to DJ Alexander.”
David Alexander, chief revenue officer at Lomond, said: “Having once built my business independently prior to joining Lomond, I can attest to the many benefits of being part of the Group, and I look forward to welcoming Margaret Duffus Leasing and its clients on board.”
Sarah Harley, owner and director of Margaret Duffus Leasing, said: “As a family enterprise founded by my mother, the business has always been close to our hearts.
“After careful consideration, it’s clear that DJ Alexander’s scale, resources and commitment to service, make it best placed to support the future needs of our clients amidst the changing lettings landscape.”
