Lomond Capital and Linley & Simpson £100m deal

Linley & Simpson and Lomond Capital merger

In a supposed £100 million deal that includes injection of cash from LDC (private equity frim). Lomond Capital and Linley & Simpson among others had now partnered up so to form a stronger force between them to include a portfolio now to stand at over 20,000 properties across major towns and cities such as Leeds, Birmingham and Manchester.

Stuart Pender, group chief executive (Lomond Capital), was quoted as saying: “Market conditions in the private rental sector are well suited to continued growth through consolidation. We are consolidating fragmented regional markets, enhancing the proposition the sector offers to clients and maintaining a local, on-the-ground approach which brings significant benefits to landlords and tenants.

We will blend the best of both companies through this merger, which together with the backing of LDC and LGT Capital Partners will allow us to realise our ambitious plans for the UK’s residential lettings sector.

Gareth Marshall, head of the North East at LDC, was quoted as saying: “From our partnership with Will and Nick over the past two years, we know the potential for ambitious businesses in this sector to grow quickly. We’ve supported them to make 18 acquisitions and we’re looking forward to helping the new group to expand quickly with its best-in-class multi-regional model.

The residential lettings market offers an attractive opportunity for geographical expansion and we’re confident that the combination of Linley & Simpson’s and Lomond Capital’s impressive management teams and approach will complement each other perfectly for further growth.

Full article available on insidermedia.

 

EAN Breaking News

Breaking News from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Breaking News

Popping the Asking Price Bubble

Where in the Uk Can Buyers Snap Up Property Bargains and Where Properties Go for a Premium Above Asking Price   New research from fast selling property company, Upstix has uncovered the UK’s most surprising postcodes for snapping up a property at bargain prices this year, highlighting a widening gap between sellers’ expectations and the…
Read More
Rightmove logo
Breaking News

Highest demand to lease office space since pre-pandemic

The latest insights from the UK’s number one commercial property website Rightmove, reveals that the number of unique enquiries to lease office space is at its highest point since pre-pandemic, as businesses look for spaces that meet modern requirements. Demand to lease office space is 19% higher than the same period a year ago and…
Read More
Planning disputes on new build land
Estate Agent Talk

Planning consultations for major infrastructure to be streamlined

Robert Bruce, a planning and infrastructure partner at law firm Freeths LLP, said he: “Welcomed the change as a significant step to speeding up the DCO process and the focus on the quality and effectiveness of the consultation, rather than box ticking and a risk averse approach to pre-application consultation due to the current legal…
Read More
Breaking News

‘The property ladder pulls further away’ warns Open Property Group

For many first-time buyers across England, the dream of homeownership continues to slip further out of reach. Despite rising wages, soaring house prices are making it harder than ever to get on the property ladder. A leading UK professional house buying company ‘Open Property Group’ based in Buckinghamshire UK, has raised concerns over the ongoing…
Read More
Estate Agent Talk

How Long It Takes to Buy a House in the UK: 5 Common Delays That Can Slow Down Your Home Purchase

Wondering how long it takes to buy a house in the UK? The average timeline ranges from 8 to 22 weeks, but even that can stretch significantly due to unexpected delays, especially if you’re a first-time buyer or caught in a chain. That’s why working with experienced professionals like Belvoir — one of the UK’s…
Read More
Love or Hate Rightmove
Breaking News

Rightmove to host Renters’ Rights Bill webinar with Guild of Lettings

Rightmove is hosting a live and interactive webinar session with the Guild of Lettings to help agents get Renters’ Rights Ready. The webinar will take place from 10:00am – 11:00am on Wednesday 23rd April. Susie Crolla, Managing Director for the Guild of Lettings, will be joining Rightmove to help agents with questions they may have about…
Read More