Agency John Shepherd, part of the Lomond Group, has snapped up the lettings book of Midlands-based SecureLets from parent Jeremy McGinn & Co.

The deal sees Shepherd pick up a rental portfolio of 326 properties across north Worcestershire and Warwickshire.

The business was owned by Jeremy McGinn (pictured) who will now focus exclusively on residential sales through the estate agency business he launched in 2009 and its three offices along the border of both counties.

As part of the deal, John Shepherd will open a new office in Redditch after taking over the former premises of SecureLets, based in The Old Church on Ipsley Street.

The office will be rebranded to John Shepherd over the coming weeks. Former staff from SecureLets will also transfer to John Shepherd.
This is the second major Lomond deal within a fortnight to consolidate John Shepherd’s Midlands presence after it bought Property Hub Lets.

THRILLED

Richard Crathorne (main picture), chief executive of John Shepherd, says: “We are thrilled to complement our business by acquiring another property portfolio that is high on quality and has a team of people to match.

As a home-grown agency with strong Midlands roots, Redditch has long been an expansion target for us.”

“As a home-grown agency with strong Midlands roots, Redditch has long been an expansion target for us. To further extend our footprint and have a dedicated presence in this bullseye location for the first time, brings an exciting new dimension to our network of branches.”

John Shepherd became part of the Lomond Group at end of 2020 when Lomond Capital and Linley & Simpson joined forces to co-create a new national lettings and sales business.

The Lomond Group now has a combined portfolio of over 35,000 properties, worth around £8bn, under its management and has the backing of leading private equity firm LDC, with access to further acquisition investment provided by LGT Capital Partners.