Lomond, one of the UK’s fastest growing estate agencies, has expanded its presence in London with the acquisition of Draker, which specialises in and around the Royal Borough of Kensington and Chelsea, as well as Hammersmith and Fulham.
Launched 15 years ago by Tim Hassell, previously of Foxtons, Draker has three offices and manages a portfolio of more than 700 rental properties.
This latest purchase, brokered by Adam J Walker and Associates, follows the recent integrations of Hamnett & Ganpot, a Battersea waterside specialist, Vantage, which services the international landlord audience, and the landmark acquisition of Kinleigh Folkard & Hayward (KFH).
Under Lomond’s ownership, Draker will continue to operate with the full support of sister brands Kinleigh Folkard & Hayward and Chase Evans.
Hassell commented: “Building Draker over the past 15 years has been a deeply rewarding journey. Our growth has been driven by a laser focus on specialisation, discipline and above all, client satisfaction. As I look ahead to a new chapter in Sweden, I am confident that our clients and team are in exceptional hands with Kinleigh Folkard & Hayward – an organisation that shares our values and commitment to excellence.”
John Ennis, chief revenue officer at Lomond, said: “Draker is a brand synonymous with quality and professionalism in the London lettings market. We’re excited to support its continued growth with the broader capabilities and reach of the Lomond network, as we further cement our presence in central London.”
Adam Walker, who brokered the deal, added: “It is another important strategic acquisition for Lomond Group as it will increase their market share significantly in this key area of West London.”
Fast-growing estate agency agrees deal to buy well-established firm
