Fast-growing estate agency completes yet another acquisition

Ed Phillips

Lomond continues to target the East Midlands with its growth strategy, acquiring its 58th estate agency business in just over three years.

The company, one of the UK’s largest acquirers of estate and letting agency businesses, has announced further expansion within the East Midlands region, with the purchase of Acquire Sales and Lettings, an agency with a presence in Derby, Burton and Chesterfield.

The East Midlands has become a key area of focus for Lomond, as the firm continues to execute an aggressive growth strategy that has already seen four acquisitions complete within the East Midlands region.

Lomond previously acquired the Nottingham and Derby lettings book of Royston and Lund, swiftly followed by the significant rental portfolio of Centrick and Nottingham based agent Tassi Sales and Lettings.

Its latest acquisition of Acquire Sales and Lettings brings further investment to the East Midlands region and will add some 700 properties under management to Lomond’s John Shepherd brand.

The already established business will now operate under the John Shepherd brand, guided by the trusted hands of Chief Exec Richard Crathorne.

However, Crathorne has been quick to pile praise on his senior team – Operations and Property Management Director Chris Blick, Lettings Director Jack Spellman and Sales Director Katie Ridley – all of whom have been pivotal in shaping the journey of the John Shepherd brand to date, and who remain an integral part of the brand’s future growth ambitions.

Chief executive of John Shepherd, Richard Crathorne, commented: “The East Midlands has been a key area of focus with regard to the expansion of the John Shepherd brand and my senior team have been key in realising the ambitions of the business to date.

“We’ve been on quite the journey and, with the string of significant acquisitions made of late, it’s fair to say that we’re only just getting started.

“We’re extremely excited to welcome the team at Acquire Sales and Lettings to the John Shepherd brand and the wider Lomond family and we look forward to further establishing the brand amongst buyers, sellers, landlords and tenants across the East Midlands.”

Lomond CEO, Ed Phillips, added: “Our latest acquisition of Acquire Properties sees us procure yet another top quality business within the East Midlands area and this will only help fuel the momentum that our John Shepherd brand is building across the region.”



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  1. Bless You

    Any reason for this?
    Have shelter made it too stressful for small companies?
    Can you only make money with 1000+ let’s?
    Is it dying industry and they are buying a falling dagger?

    Please educate me. Thx

    1. Ding Dong

      not sure why any sane small agency owner, would want to remain in lettings. Less personalised property management through large contact centres, is the way its going. Tenants and landlords have become even more awkward since Covid.


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