Lomond snaps up another regional lettings agency

Fast-growing Lomond has snapped up another regional agency - this time one in the Midlands.

Centrick - which had a High Street presence in Nottingham, Solihull and Birmingham - is the latest agency to join the fold, with its 25 staff transferring across to Lomond’s John Shepherd brand. 

Centrick will now concentrate on building and estate management, RICS valuation and a portfolio rental asset management service which it will continue to operate from its Birmingham HQ as well as offices across the country in Manchester, Sheffield, London and Hampshire. 

Centrick started its High Street agency business 17 years ago but founder James Ackrill says: “Our high street agency has always been extremely successful, holding numerous awards and top positions in a number of areas, driven by incredible property professionals. We are grateful and genuinely thankful to all the people that have been part of the Centrick family. All of the Centrick high street agency team will be transferring to John Shepherd who have a long and trusted history. This means that all of our high street clients will continue to be looked after by the people they already know and trust without any loss of service.” 

Lomond chief executive Ed Phillips adds: “This strategic acquisition further consolidates our position as an ever-expanding and major player in the UK property industry. Delivering 50 acquisitions in just three years has been a real team effort that is unparalleled in our sector – it represents one deal every three weeks, and has grown our lettings portfolio to around 43,000.

“It’s a milestone of which the whole Lomond family can be proud, and I’d like to thank and pay tribute to all our talented people who have helped us reach it in such a smooth and successful way. With other acquisitions in the pipeline, and new opportunities being actively explored, we look forward to accelerating our growth journey throughout 2024.

“We know that this can be best achieved by recruiting, retaining and rewarding a best-in-class team of people and 2024 will also be hallmarked by the development of more initiatives to develop their skillsets and potential, and build on our accreditation of being A Great Place To Work.”