Lomond has completed its 61st acquisition in four years, after completing the purchase of Chase Evans in London, carving out a new regional territory in the process.
The acquisition of the London-based letting, management and sales agency gives Lomond an extremely well-established and firm foothold within London for the first time.
Chase Evans is a well-respected agent with more than 25 years operating within the London market. The company has branches across key territories including Canary Wharf, Elephant and Castle, the City of London, Docklands and Greenwich.
The acquisition marks Lomond’s first in the capital, having previously kept focus across their existing regional areas of the North West, Yorkshire, the Midlands, Scotland and the South Coast.
With some 3,500 properties under management, the acquisition of Chase Evans is a sizable one and provides the ideal platform on which Lomond can establish a London presence, with an eye on expanding across London in the future. Given the international angle that Chase Evans brings with it’s overseas Landlord base, this acquisition will help enhance this offering elsewhere across the Group in other key cities.
The Chase Evans brand will remain as Lomond’s cornerstone brand within the region and, with Lomond’s head office located in St Mary Axe, the Chase Evans brand will also benefit from the support of the wider Lomond business.
Lomond CEO, Ed Phillips, commented: “London is globally regarded as one of the strongest property markets there is and whilst we’ve refrained until now, the creation of a Lomond London region has always been part of our strategic expansion plans.
“We’ve been careful not to jump the gun in this respect and have waited until the right opportunity arose and we certainly believe this to be the case with Chase Evans which is an extremely high quality lettings business.
“Not only does our acquisition of Chase Evans give us an immediate foothold into some very important markets, but we also stand to inherit a great deal of knowledge and experience which we believe will be vital as we look to expand further across the capital.”
The director of Chase Evans, Adam Holden, said: “We’re very excited about working with the senior team at Lomond, particularly Ed [Phillips], John [Ennis] and Lucy [Jones] given the experience they have within the London market.
“The wider Lomond organisation will also provide us with the support and resources we need to really take the Chase Evans business to the next level and can’t wait to see where the brand can now go from here.”
Operation director at Chase Evans, Ian Ruffle, added: “Chase Evans’ success is thanks to the hard work and dedication of our staff, who are the cornerstone of everything we do, they are our extended family, and we believe this culture has been the key to the longevity of our success. Some of our senior staff members have been with the business for ten to twenty years and so for us, it was key that any deal done ensured that the continuity of the business remained, which Lomond has allowed us to do.”
