Lomond - a firm that now calls itself “one of the UK’s largest acquirers of estate and letting agency businesses” - has snapped up another regional agent.
It’s Nottingham based Tassi Sales and Lettings.
Originally established in 2009, the purchase of the three branch business will see Lomond’s John Shepherd brand inherit some 768 lettings properties and expand its regional rental portfolio to almost 8,000 properties under management.
John Shepherd, which already operates 10 high street branches covering the West Midlands, Warwickshire, Worcestershire and Staffordshire, will retain the Tassi team.
It’s Lomond’s 53rd acquisition since launch just three years ago.
Chief executive Ed Phillips says: “There has been significant growth across the Midlands property market in recent years and, as such, it has been a particular area of focus for us in helping to realise our growth ambitions.
“Our latest acquisition will help to further bolster our presence within the East Midlands market and Nottingham, in particular, building on the impressive footprint we’ve already managed to establish in a short period of time.”
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