Rapidly expanding property group Lomond Capital, has announced its second acquisition in two weeks.

It has bought Manchester sales and lettings agent Hallmark Residential, which will now be absorbed into Thornley Groves.

The deal brings the number of properties under Thornley Groves’ management to 3,000.

This deal follows the purchase of Tanat-Jones & Company in Brighton and Hove as Lomond continues its expansion in the south and plans its imminent entry into the London market.

Bruce Evans, CEO of Lomond Capital, said: “We’re finishing off 2017 with two great deals that strengthen our position in two key regions – the south as we look to the London market, and the north-west where Hallmark Residential marks our seventh acquisition.”

He went on: “We continue to look for quality business in key regions around the UK and are looking to push into new markets which could dramatically change the value of our portfolio.

“Indeed, we aim to sell over £1bn worth of properties next year in addition to building our portfolio to over £4bn.”

Lomond Capital secured £37.5m in acquisition funding earlier this year and has made 37 purchases since inception in 2010.