Lomond has acquired Beal’s Estate Agents in Hampshire – one of the county’s leading independent agencies – for an undisclosed sum, more than doubling its footprint along the South Coast.

Beal’s employs 80 people and operates out of 10 branches including the cities of Southampton and Portsmouth and both its sales and lettings businesses will become part of the group but retain its identity.

SPECIALISM

Its lettings portfolio includes some 2,200 properties while its residential sales team, which includes a new homes specialism, marketed properites worth some £25m during 2023.

Ed Phillips (pictured) says: “We are thrilled to welcome a company of Beal’s calibre, and a first-class team of people to match, into the Lomond family at the start of what is poised to be an exciting year of growth.

“This represents another major coup for Lomond as it enables us to unlock the potential of a brand-new geographical territory. It extends our coverage in this thriving region to more than 75 miles from east to west – stretching from the city to the sea, and the country to the coast. It is a perfect geographical and strategic fit.”

Beal’s offices span the whole of Hampshire and are based in Bitterne; Eastleigh; Fareham; Gosport; Havant; Park Gate; Portsmouth; Shirley; Southsea and Waterlooville, with its headquarters based in Whiteley.

FAST-MOVING

Founder Tony Beal says: “In a fast-moving industry with ever-increasing legislation, we must evolve. Investment in retaining and developing our people, expanding our service offering to add value and using market-leading technology are all necessary to meet the needs of our customers.”

And he adds: “Becoming part of a wider group will provide the level of investment and support needed to strengthen our brand position as Hampshire’s leading local agent and enhance our services to all our clients, whether a seller or a buyer, a landlord or a tenant.”

Beal’s joins Lomond’s other brands on the South Coast including Brand Vaughan, which covers Brighton and Hove and Michael Jones and Company which has a seven-branch network across West Sussex. Beal’s is no stranger to acquisition through growth itself, having bought rival Baker & Elder Sales & Lettings Agents in Southsea seven years ago.