Lomand has snapped up lettings and estate agent Miles & Barr its 64th acquisition and the first within Kent, which will see Miles & Barr become Lomond’s cornerstone brand within this new region of operation.
Miles & Barr is an extremely well-established business within the Kent property market, boasting 25 years of experience and numerous industry accolades for its unique approach to buying, selling and letting homes.
The firm operates from 12 branches across 13 towns in Kent and is the market leading agent in its operating area.
This comes just a few months following Lomond’s acquisition of Winchester based agency, Charters, and the London based agency Chase Evans, and with this deal now expands the firm’s presence to Kent, a strong PRS market that it has earmarked as a key area of operation in meeting its aggressive strategic growth ambitions.
2,400 PROPERTIES UNDER MANAGEMENT
The latest acquisition of Miles & Barr includes 2,400 properties under management, as well as the residential sales, commercial, land and new homes aspects of the business, another area that Lomond has turned increasing focus to above and beyond the core lettings and sales sectors.
Mark Brooks Chief Executive of Miles & Barr, says: “We’ve always operated Miles & Barr with a people first approach, whether that be our employees or clients. We truly believe that our people are our most valuable asset, which is an approach that has yielded 25 years of incredible success.
“So, It was essential for us that any deal to be done had to be with an organisation that shares the same company culture and approach to business and it was clear that there was an immediate synergy between Miles & Barr and Lomond businesses in this respect.
“We’re delighted at the huge opportunity that now awaits us in continuing our growth journey and with the support of Lomond, it really is the start of a new chapter for Miles & Barr.”
GROWTH STRATEGY
Ed Phillips (main picture), Lomond’s Chief Executive, adds: “We’ve set our sights on a number of new regions so far this year and this has all been part of our growth strategy, as we look to further establish Lomond and its brands as the leading estate and lettings agency business in the country.
“However, we don’t mark out these new territories without careful consideration and this starts with identifying the very best business in the region to lead the charge as our cornerstone brand.
“The significant opportunity across a number of key towns in Kent is evident and with Miles & Barr, there’s no doubt in my mind that we’re putting our best foot forward as the shared values and cultures of both businesses are clear to see.”
