Agencies & People

Lomond Capital’s £37.5m pot to buy estate agencies

 Lomond Capital’s latest purchase is the acquisition of a majority stake in the South Coast estate agency and lettings group, Brand Vaughan. Lomond Capital recently announced the completion of a highly successful fund raising process which has provided £37.5 million of capital to fund expansion on the South Coast of England and London.  In preparation for this next phase of expansion, Lomond has appointed a new Group Managing Director, Bruce Evans. Previously the Managing Director of Countrywide’s operations in London and South of England, Evans rounds up the group’s extensive knowledge of the property industry across the UK. His previous experience will prove hugely valuable in its expansion into the South while he will play a vital role in Lomond’s growth in existing markets. Its latest purchase is the purchase of a majority stake in the South Coast estate agency and lettings group, Brand Vaughan, which will continue to operate under the current name is the first of a number of acquisitions in this expansion across the region. It manages more than 1,250 properties and sells more than £175 million worth of property per annum throughout Brighton and the surrounding area. Lomond has been interested in expanding the group into the South…