DJ Alexander owner Lomond has acquired around 1,700 residential lets currently under management with Aberdein Considine in Aberdeen, elsewhere in Aberdeenshire and in the central belt.
Lomond noted the acquisition is its 63rd and follows its purchase in recent weeks of Chase Evans, a deal which saw it enter the London market for the first time.
It said: “Lomond has very much returned to its roots where the 63rd acquisition is concerned, with the latest deal involving an asset purchase of the residential lettings book of award-winning Scottish law firm Aberdein Considine.
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“The original Lomond business, Lomond Capital, was forged north of the Border in 2010 before merging with Linley and Simpson in December 2020 to form the current Lomond business.”
Lomond added that the residential lets acquired from Aberdein Considine would now fall under its “Scotland brand”, estate and lettings agency DJ Alexander, declaring this would boost its “already impressive portfolio to a total [of] more than 11,000 properties under management across Scotland”.
It noted that Aberdein Considine would “continue to deliver its comprehensive portfolio of services, including estate agency [and] legal and financial expertise, to clients across Scotland and the north of England”.
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Lomond’s Scotland chief executive, David Alexander, said: “Aberdein Considine is an incredibly well-established and well-respected company with years of experience within the Scottish property market. So, whilst this latest acquisition is an asset-based one, it was still important that the company in question share the same vision and pedigree as the Lomond brand, as these values will have naturally filtered through to the quality of their lettings portfolio.”
He added: “In this respect, it’s a perfect fit, and the properties under management that Lomond will acquire not only help to boost our presence within the Scottish market considerably, but also fit perfectly with our existing footprint in the country, as we continue to look for opportunities for further expansion.”
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