The dizzying pace of letting agency acquisitions by Lomond continues this week following its sixth purchase in the Capital.

This is in addition to its purchase of Chase Evans, Kinleigh Folkard & Hayward, Hamnett & Ganpot, Vantage, and Draker since September 2024, when the first Capital acquisition was made.

The latest firm to join the list is Putney-based lettings specialist Glenthorne Properties, which was established by director Stephen Giddings 38 years ago. No details of its portfolio size or purchase price have been revealed.

Ironically Giddings set up the business in 1987 to service a then ‘oft neglected’ lettings sector in SW London, but which has turned into many agency’s most reliable sources of income and profits across the UK.

Giddings’ business has continued to specialise in lettings by distinguishing itself from competitors by providing exceptional customer service and establishing long-term clients relationships.

Lomond says the loyalty of its seven staff and their clients ‘speaks to the quality of the business’.

Glenthorne Properties will now be ‘consolidated’ into Lomond’s London flagship brand, Kinleigh Folkard & Hayward, and Giddings plans to take a well-earned step back from the property world after handing over the reins.

Happy years

He says: “After many happy years servicing the best interests of our clients across the south west, it’s my pleasure to pass the baton to a business that has both the people and the technological robustness to navigate the evolving private rented sector”.

John Ennis, Chief Revenue Officer at Lomond, says: “The long, shared histories of these two businesses, that have evolved as local market specialists since their establishment decades ago, make KFH a natural home for Glenthorne and its clients’ next phase of life, and we look forward to incorporating them in the coming weeks”.

The deal was brokered by Julie Drake of Adam J Walker Associates.