Lomond Capital
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Features
Lomond Capital on the acquisition trail
Sheila Manchester speaks to Stuart Pender, Chief Executive, Lomond Capital.
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Latest property news
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…
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Agencies & People
Lomond Capital acquires agency
Lomond Capital has continued to expand with the acquisition of John Shepherd estate agents in Birmingham taking its portfolio in the city to in excess of £250 million. The Edinburgh-based firm will now merge John Shepherd estate agency with Birmingham-based Marwood Homes and John Shepherd Lettings, which are also owned by Lomond Capital. The company forecast that the enlarged business will now manage more than £250 million worth of properties for private landlords and sell in excess of £200 million worth of property annually. Stuart Pender (left), Chief Executive of Lomond Capital, said, “The merger of John Shepherd Estate Agents with our existing businesses allows us to create a full service proposition for our clients under the leading estate agents brand in the region.” Lomond Capital, which currently has businesses in Aberdeen, Birmingham, Edinburgh and Manchester, is now seeking to make further acquisitions across both lettings and estate agents in Birmingham as well as part parts of the UK. The company is currently in negotiations with estate agents and lettings businesses in Bristol, Brighton, Reading, Oxford and Cardiff. “This is the first in a number of larger acquisitions planned in the south of England,” Pender added. “Our aim is to…
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