Agency acquirer expands further into the Midlands

Lomond has expanded further into the East Midlands with its 58th acquisition.

The brand has acquired Acquire Sales and Lettings, an agent with a presence in Derby, Burton and Chesterfield. 

The East Midlands property market has performed strongly in recent years, with house prices climbing by 15.1% in the last three years, outperforming the UK benchmark in the process, while rental values have also climbed by 20%. 

Such is the strength of the region’s property market that it has become a key area of focus for Lomond.

Lomond previously acquired the Nottingham and Derby lettings book of Royston and Lund, swiftly followed by the significant rental portfolio of Centrick and Nottingham based agent Tassi Sales and Lettings. 

Its latest acquisition of Acquire Sales and Lettings brings further investment to the East Midlands region and will add some 700 properties under management to Lomond’s John Shepherd brand. 

The already established business will now operate under the John Shepherd brand, guided by chief executive Richard Crathorne. 

He said: “The East Midlands has been a key area of focus with regard to the expansion of the John Shepherd brand and my senior team have been key in realising the ambitions of the business to date. 

“We’ve been on quite the journey and, with the string of significant acquisitions made of late, it’s fair to say that we’re only just getting started. 

“We’re extremely excited to welcome the team at Acquire Sales and Lettings to the John Shepherd brand and the wider Lomond family and we look forward to further establishing the brand amongst buyers, sellers, landlords and tenants across the East Midlands.”

Ed Phillips, chief executive of Lomond, added: “Our latest acquisition of Acquire Properties sees us procure yet another top quality business within the East Midlands area and this will only help fuel the momentum that our John Shepherd brand is building across the region.”