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Lomond Capital has completed its 18th, 19th and 20th acquisitions in just four years of trading as it cements its position in the Manchester, Aberdeen and Edinburgh markets ahead of expansion further south next year.

In Aberdeen it has acquired Langley Serviced Apartments from Bill Brebner as well the lettings book of business from Alex Hutcheon Legal & Estate Agency business. Its Aberdeen lettings team now has 1,600 units under its management worth £365m.

The various lettings brands owned by Lomond in the Aberdeen region - Simpson Brebner, K.W.A.D., Bon Accord, Yvonne Moir and now Alex Hutcheon - have now been brought together under the Stonehouse name.

Meanwhile in Manchester, Lomond Capital has acquired Vital Space's city centre lettings business, which will be absorbed into Lomond's Thornley Groves operation. This takes the total number of properties managed by Thornley Groves to 2,600.

Since it was set up in 2010 Lomond Capital has undertaken 20 acquisitions. It now employs over 240 personnel, manages over 7,400 residential properties worth over £1.5 billion and sells over £70m worth of residential property every year.

It aims to expand into Birmingham and Leeds later this year, along with other south of England cities in 2015.

Comments

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    Good on them. Always nice to see success in the industry. Keeps us on our toes!

    • 22 July 2014 11:48 AM
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    Wow, the expansion rate here is tremendous. Good to see agencies doing well. Our App could certainly help them further by modernizing the brand as a whole with our 3D property technology: http://www.virtualviewapp.com/

    • 22 July 2014 10:55 AM
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    Isn't it refreshing to read about a success story. And it looks like we will be hearing more from them if their bold development plan continues.

    • 22 July 2014 09:41 AM
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    The speed of the growth is the most remarkable thing. Four years of trading and theyve already picked up 20 acquisitions, thats pretty impressive in anyones book, and in big cities such as Manchester and Edinburgh. Whether the rapid expansion can continue remains to be seen. And, as Foxtons and other high-profile estate agents have found out, the bigger you get, the greater the scrutiny.

    • 22 July 2014 09:04 AM
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    Very impressive growth and expansion. Shows what can be done with canny management and shrewd marketing even during difficult economic times.

    • 22 July 2014 08:35 AM
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