Acquisitive property firm Lomond Capital has announced that it is gearing up for further expansion in England with more purchases of lettings businesses.
It has also made three new heavyweight appointments. Stephen Curran, former chief executive and chairman of Candover Investments, has invested in Lomond Capital and becomes a non-executive director.
Bryan Robertson, who joins from Direct Line Group, is also appointed a partner and director, while Anna Morgan has joined from Deloitte as assistant acquisition director.
Lomond Capital, which is Scotland-based, said it plans to extend its consolidation strategy of the lettings market to major UK cities south of the border, having already done three deals this year.
It has just bought Woodstar Property Management, Edinburgh, and Bon Accord Leasing in Aberdeen. The purchases mean Lomond now manages 4,000 properties in Edinburgh and over 1,000 in Aberdeen.
Lomond has also just acquired Alastair McDonald Insurance Brokers, its first insurance acquisition.
Stuart Pender, chief executive of Lomond Capital, said: “We are very pleased with our progress since we entered the market in October 2010. The latest appointments are preparing the business for further growth south of the border.
“We are delighted with our strong start to 2013 and are determined to keep up momentum on acquisitions throughout 2013, as we believe that the residential property market has such a great investment potential.
“We have our sights set on extending our reach further south of the border. We already have a presence in Manchester and are set to enhance that with acquisitions in Manchester, Birmingham and Leeds during the first half of 2013.”
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