LOMOND has continued its expansion plans with the acquisition of Tay Letting, which has offices in Glasgow, Dundee, and Edinburgh.
The firm will become part of the DJ Alexander brand. DJ Alexander manages over 10,000 letting properties across Scotland.
Lomond has completed over 50 acquisitions since 2021 and now brings together a team of 1,200 people across a network of 12 brands from Aberdeen to Brighton, with over 42,500 properties under management across the UK.
Ed Phillips, group chief executive of Lomond, said, “This acquisition highlights our continued commitment to the Scottish market and our determination to grow our network in the UK building a progressive group of national lettings and sales agencies.
“Scotland is an important part of our business, and we are determined to further build on our base in the coming months and years. We are always open to more opportunities among businesses wishing to sell in Scotland and elsewhere.
“We are keen to expand our footprint in Scotland as we develop our innovative, modern lettings and sales business, providing a seamless service for our clients across all parts of the country. The DJ Alexander brand is a well-respected and renowned brand across Scotland and growing this part of our business is an important factor in the growth of Lomond.”
David Alexander, chief executive of DJ Alexander Ltd, added, “Tay Letting is an excellent business with a great reputation for delivering quality service to landlords and tenants. This acquisition will expand our presence in Glasgow and grows our business in Dundee and the surrounding area and complements our existing office in St Andrews. The lettings market in Scotland has proved to be particularly vibrant and dynamic, and we anticipate that this will continue for many years to come.”
Marc Taylor, who founded Tay Letting in 2009, commented, “We are delighted to hand over the firm to Lomond to operate under the DJ Alexander brand which has an excellent reputation in the market, and I am confident our landlords and tenants are in safe hands.”
