Lomond has completed its latest acquisition in a deal that sees the firm strengthen its roots across Aberdeenshire and Scotland’s central belt.
The firm’s 63rd acquisition involves an asset purchase of the residential lettings book of Scottish law firm Aberdein Considine. The deal will see Lomond acquire some 1,700 residential lets currently under management with Aberdein Considine across Aberdeen, Aberdeenshire and the central belt.
The properties in question will fall under Lomond’s Scotland brand, DJ Alexander, boosting its portfolio to a total to more than 11,000 properties under management across Scotland.
The deal follows the acquisition of Chase Evans in recent weeks, which saw Lomond enter the London market for the first time.
Aberdein Considine will continue to deliver its portfolio of services, including estate agency, legal and financial expertise, to clients across Scotland and the north of England.
Lomond’s Scotland CEO, David Alexander, said, “Aberdein Considine is an incredibly well established and well respected company with years of experience within the Scottish property market. So whilst this latest acquisition is an asset based one, it was still important that the company in question share the same vision and pedigree as the Lomond brand, as these values will have naturally filtered through to the quality of their lettings portfolio.
“In this respect, it’s a perfect fit, and the properties under management that Lomond will acquire not only help to boost our presence within the Scottish market considerably, but also fit perfectly with our existing footprint in the country, as we continue to look for opportunities for further expansion.”
