Growing industry giant the Lomond has bought two more lettings businesses, one in Kent and the other in Scotland, it has been announced, taking its lettings book to over 70,000 properties.

The latest acquisitions are the lettings business of Kent agency Regal Estates, which will be incorporated into its lead business in the South East – Miles & Barr – and the lettings book of Margaret Duffus Leasing, will now be managed by its Scottish flagship firm DJ Alexander.

Regal Estates’ existing sales operation will be retained by CEO Mark Pullinger, alongside his business partner Phillip Goddard, from its existing Sandwich office.

“For 25 years we’ve put the best interests of landlords in the local area at the heart of our business,” says Pullinger.

“However, in this evolving legislative landscape, we believe their needs will be better met with the support of a larger organisation

“However, in this evolving legislative landscape, we believe their needs will be better met with the support of a larger organisation offering broader technologies and capabilities.

“We look forward to seeing our landlord clients thrive as we consolidate and focus on residential sales from our established office in Sandwich.”

John Ennis (main image), Chief Revenue Officer of Lomond, adds: “Our strategy consists of identifying strong businesses and portfolios in our target markets, and this acquisition of Regal’s portfolio in Kent is no different.

“We are confident we can provide an exemplary and enhanced service to Regal’s landlord clients, and we look forward to embarking on this professional journey with them.”

Lettings book

Similarly, in Scotland Aberdeen-based and 27-year-old firm Margaret Duffus Leasing has sold its lettings book, current business owner Sarah Harley citing the ‘changing legislative landscape’ as a key reason her firm has offloaded its rental management arm.#

She says: “As a family enterprise founded by my mother, the business has always been close to our hearts.

“After careful consideration, it’s clear that DJ Alexander’s scale, resources and commitment to service, make it best placed to support the future needs of our clients amidst the changing lettings landscape.”

Thriving businesses

Kevin Fraser, MD of DJ Alexander, adds: “Our acquisition strategy in Scotland focuses on identifying thriving businesses operating in the most attractive, high-growth markets. Margaret Duffus Leasing fits the brief perfectly, with a loyal client base and strong ties to Aberdeen and the surrounding areas. We look forward to welcoming them to DJ Alexander.”

David Alexander, its Chief Revenue Officer, says: “Having once built my business independently prior to joining Lomond, I can attest to the many benefits of being part of the Group, and I look forward to welcoming Margaret Duffus Leasing and its clients on board.”