Agency acquirer boosts Midlands presence

Lomond has strengthened its foothold in the Midlands with its 50th acquisition since launching just three years ago.

Through its John Shepherd brand, whose offices span the West and East Midlands, it has secured all three high street estate and lettings agency branches of property specialist Centrick.

The deal sees a rental portfolio of 1,300 homes, a strong sales pipeline, a team of over 25 staff, and offices in Solihull and Nottingham, all transfer to John Shepherd. 

The Birmingham high street estate and lettings agency team, one of the biggest agency operations in the city, will move from Centrick’s Birmingham headquarters in the city to John Shepherd’s established high street operation just a few doors away on Colmore Row. 

Lomond chief executive Ed Phillips said: “This strategic acquisition further consolidates our position as an ever-expanding and major player in the UK property industry.

“Delivering 50 acquisitions in just three years has been a real team effort that is unparalleled in our sector – it represents one deal every three weeks, and has grown our lettings portfolio to around 43,000.

“It’s a milestone of which the whole Lomond family can be proud, and I’d like to thank and pay tribute to all our talented people who have helped us reach it in such a smooth and successful way.”