Lomond expands into London after finishing acquisition of well-established property company – Tech Journal

Lomond has accomplished its 61st acquisition in 4 years, after finishing the acquisition of Chase Evans in London, carving out a brand new regional territory within the course of.

The acquisition of the London-based letting, administration and gross sales company offers Lomond an especially well-established and agency foothold inside London for the primary time.

Chase Evans is a well-respected agent with greater than 25 years working inside the London market. The corporate has branches throughout key territories together with Canary Wharf, Elephant and Fortress, the Metropolis of London, Docklands and Greenwich.

The acquisition marks Lomond’s first within the capital, having beforehand saved focus throughout their current regional areas of the North West, Yorkshire, the Midlands, Scotland and the South Coast.

With some 3,500 properties beneath administration, the acquisition of Chase Evans is a large one and offers the perfect platform on which Lomond can set up a London presence, with a watch on increasing throughout London sooner or later.

Given the worldwide angle that Chase Evans brings with it’s abroad landlord base, this acquisition will assist improve this providing elsewhere throughout the group in different key cities.

The Chase Evans model will stay as Lomond’s cornerstone model inside the area and, with Lomond’s head workplace situated in St Mary Axe, the Chase Evans model may also profit from the assist of the broader Lomond enterprise.

Lomond CEO, Ed Phillips, commented: “London is globally thought to be one of many strongest property markets there may be and while we’ve refrained till now, the creation of a Lomond London area has at all times been a part of our strategic growth plans.

“We’ve been cautious to not soar the gun on this respect and have waited till the appropriate alternative arose and we definitely imagine this to be the case with Chase Evans which is an especially prime quality lettings enterprise.

“Not solely does our acquisition of Chase Evans give us a right away foothold into some essential markets, however we additionally stand to inherit an excessive amount of information and expertise which we imagine will likely be important as we glance to develop additional throughout the capital.”

The director of Chase Evans, Adam Holden, mentioned: “We’re very enthusiastic about working with the senior staff at Lomond, significantly Ed [Phillips]John [Ennis] and Lucy [Jones] given the expertise they’ve inside the London market.

“The broader Lomond organisation may also present us with the assist and sources we have to actually take the Chase Evans enterprise to the subsequent stage and might’t wait to see the place the model can now go from right here.”

Operation director at Chase Evans, Ian Ruffle, added: “Chase Evans’ success is because of the laborious work and dedication of our workers, who’re the cornerstone of every part we do, they’re our prolonged household, and we imagine this tradition has been the important thing to the longevity of our success. A few of our senior workers members have been with the enterprise for ten to twenty years and so for us, it was key that any deal carried out ensured that the continuity of the enterprise remained, which Lomond has allowed us to do.”