City-bound intrusion imminent: Lomond soon to make urban impact
In a strategic move to bolster its presence in the Central London property market, Lomond has announced the acquisition of long-standing lettings agency, Chase Evans. This deal marks Lomond's first foray into the London lettings sector and adds a significant player to its existing London estate agency portfolio [1], [2].
The acquisition of Chase Evans, which has been operating in London's letting market for over 25 years, brings with it numerous branches across key territories, including Canary Wharf, Elephant and Castle, the City of London, Docklands, and Greenwich [2].
Adam Holden, director of Chase Evans, expressed his enthusiasm about working with Lomond, stating that he is excited about the potential for the Chase Evans business to grow with the help of the wider Lomond organization. He also appreciates the experience that the senior team at Lomond has within the London market [2].
In a bid to drive commercial growth following acquisitions like Chase Evans, Lomond has appointed Sam Mitchell as its Chief Commercial Officer [1], [2]. Ed Phillips, CEO of Lomond, believes that this acquisition is a strategic part of the company's expansion plans [2].
Looking ahead, Lomond appears to be targeting prime London locations for its lettings services, leveraging the local market expertise of Chase Evans. Chase Evans itself continues to provide up-to-date property news, market insights, and trends focused on London, suggesting that under Lomond's ownership, its brand and knowledge base will likely be maintained and amplified to benefit clients across the capital [3].
These developments indicate a clear intent by Lomond to solidify and expand its position in the competitive London property market through strategic acquisitions and leadership investment. While detailed financial or operational specifics have not been made publicly available, it is evident that Lomond is investing in its future growth within London.
Sources: [1] Property Industry Eye (2022). Lomond acquires Chase Evans. [Online] Available at: https://www.propertyindustryeye.com/lomond-acquires-chase-evans/ [2] Estate Agent Today (2022). Lomond acquires Chase Evans. [Online] Available at: https://www.estateagentyoday.co.uk/news/lomond-acquires-chase-evans-49495 [3] Property Wire (2022). Lomond acquires Chase Evans. [Online] Available at: https://www.propertywire.com/news/lomond-acquires-chase-evans/
With the acquisition of Chase Evans, a move that marks Lomond's first step into the London lettings sector, the company is now positioned to expand its business in key territories such as Canary Wharf, Elephant and Castle, the City of London, Docklands, and Greenwich. This strategic investment is expected to boost commercial growth and solidify Lomond's position in the competitive London property market.
