Lomond’s newly announced acquisition looks east towards Kent, following a flurry of activity in the London market this spring and summer. The group’s latest lettings portfolio purchase, of local agent Regal Estates, will be incorporated into operations at Miles & Barr, Lomond’s flagship brand in the region.
Established 25 years ago, Regal Estates has operated from branches in Canterbury and Sandwich, servicing the landlords and sellers in the area. Regal’s future plans now focus on consolidating the sales arm of the business, which is being retained by founder and CEO Mark Pullinger, alongside his business partner Phillip Goddard.
Regal’s service has been defined by personalised advice and deep local knowledge. Under Lomond’s ownership, and with the expertise and credentials of Miles & Barr, landlords can expect the same high standard of service to which they are accustomed.
This deal reflects an activity filled year for Lomond since its first forays into the ‘garden of England’, with the purchase of Miles & Barr taking place 9 months ago, closely followed by that of neighbouring Oakwood Homes mere months later.
John Ennis, Chief Revenue Officer of Lomond, commented:
“Our strategy consists of identifying strong businesses and portfolios in our target markets, and this acquisition of Regal’s portfolio in Kent is no different. We are confident we can provide an exemplary and enhanced service to Regal’s landlord clients and we look forward to embarking on this professional journey with them.”
Mark Pullinger, Founder and CEO of Regal Estates, remarked:
“For 25 years we’ve put the best interests of landlords in the local area at the heart of our business. However, in this evolving legislative landscape, we believe their needs will be better met with the support of a larger organisation offering broader technologies and capabilities. We look forward to seeing our landlord clients thrive as we consolidate and focus on residential sales from our established office in Sandwich.”
