Midlands-based SDL Group has announced the sale of a Birmingham residential lettings portfolio to Lomond Capital.
SDL Property Management now focuses on large scale institutional landlords particularly in the Build To Rent sector.
This portfolio sale sees its Birmingham residential lettings and management services moving to John Shepherd Lettings, Lomond Capital’s local lettings agency.
Rob Clifford, SDL Group commercial director says: “Today’s deal is another very positive move as we focus on our strategy to revolutionise the experience of tenants through large scale [Build To Rent] projects. This is a key component of our work to innovate across the property industry, which has also seen the launch of SDL Property Partners and SDL Auction Partners in the past 12 months.”
Meanwhile Richard Crathorne, joint chief executive of John Shepherd, adds: “This is a fantastic portfolio of city centre properties and we are committed to providing ongoing quality, professional management services to its landlords and investors. That will be made all the easier with the great team from SDL who will be joining our ranks ensuring consistency and insight into the management of these properties.”