Lomond Capital has acquired SDL Group’s Birmingham residential lettings portfolio, which comprises 500 city centre properties, formerly the CP Bigwood residential lettings portfolio.
This is the first city acquisition since Lomond Capital’s regional brand, John Shepherd, moved to its flagship city-centre office last year and cements its leading position in the Birmingham residential property market – with a team of 75.
Bruce Evans, Chief Executive, Lomond Capital, said, “John Shepherd is already the number one lettings and estate agency brand in Birmingham, we are seeing more opportunities come through our doors such as the high profile Princes Gate development, due to be launched by John Shepherd New Homes. However, we are not resting on our laurels, continuing to grow organically and by acquisition.”
Richard Crathorne, joint Chief Executive of John Shepherd, added, “This is a fantastic portfolio and we are committed to providing professional management services to landlords and investors.”