Fast-growing property group Lomond has expanded its presence in Kent with the acquisition of the lettings portfolio of Regal Estates, a long-standing agency with offices in Canterbury and Sandwich.
This latest move follows Lomond’s acquisition of Miles & Barr in October last year, as well as the integration of Oakwood Homes, strengthening the group’s foothold across the region.
The Regal Estates lettings division, which has operated in Kent for over 25 years, will now be fully incorporated into Miles & Barr, part of the Lomond network. The sales arm of Regal Estates remains independent and is not included in the deal.
Mark Pullinger, founder and CEO of Regal Estates, will continue to lead the sales business alongside long-time business partner Phillip Goddard.
The deal marks another milestone in Lomond’s strategy of regional expansion through targeted acquisitions, particularly within the lettings sector.
John Ennis, chief revenue officer of Lomond, said: “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 of Regal Estates, added: “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.”
