Fast-growing property group adds to portfolio with acquisition

Richard Crathorne (second right) welcomes new team members to John Shepherd

Lomond has increased its foothold in the Midlands after sealing the acquisition of the entire Paul Carr rental portfolio for its John Shepherd brand.

The deal will see around 1,000 properties spanning North Birmingham and South Staffordshire transferring to John Shepherd, boosting the total number of homes under its management to 5,500.

The agency will retain Paul Carr’s letting office headquarters in Four Oaks, Sutton Coldfield, increasing its Midland branch network to seven. It will also employ Paul Carr’s centralised lettings team of 20.

The deal comes a fortnight after John Shepherd launched a dedicated office in Nottingham after Lomond acquired the 600-strong lettings portfolio of Royston & Lund, extending its reach across the East Midlands counties of Nottinghamshire, Derbyshire and Leicestershire.

Ed Phillips, Lomond CEO, said: “We are thrilled to have struck this transformational deal – our biggest in the Midlands.

“This strategic deal is another clear signal of our ambitions to expand further at pace and scale across the UK. Our acquisitions pipeline will continue to see Lomond launching in new target areas as well as strengthening our presence in existing prime locations.”

Richard Crathorne, John Shepherd’s CEO, said: “To acquire a portfolio and team of people of this calibre is a major leap forward for John Shepherd, growing our number of clients and properties under management.”


Email the story to a friend

Comments are closed.

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.