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TODAY'S OTHER NEWS

Lomond Capital continues push into south of England with new acquisition

Lomond Capital has acquired independent Brighton letting agency Tanat-Jones & Company.

The deal marks Lomond’s second acquisition in the city since purchasing Brand Vaughan in March and brings its total number of properties under management in the region to over 1,500. 

Tanat-Jones & Company will trade as Brand Vaughan.

Lomond Capital secured £37.5m in acquisition funding earlier this year and is now building its presence in the South of England. 

It is in the latter stages of negotiations to enter the London lettings and sales markets for the first time with further deals planned across the UK. 

Lomond Capital aims to have over £4 billion worth of properties under management by the end of 2018.

“This acquisition is the beginning of a fresh push into new markets, including London, which could dramatically change the value of our portfolio. We are targeting to sell over £1 billion worth of properties next year in addition to building our portfolio to over £4 billion” says chief executive Bruce Evans. 

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