Home group Lomond has actually obtained Clyde Home Group, including its subsidiaries Burgh Property and Cathedral Estates, in a relocation that enhances its presence throughout Scotland.
The acquisition adds to Lomond’s existing Scottish operations, which include DJ Alexander. Under the brand-new structure, Clyde Property will manage operations in the West of Scotland, while DJ Alexander will supervise the rest of the portfolio.
Regional expansion strategy
David Alexander, Chief Earnings Officer at Lomond, said: “Clyde’s enthusiasm for pioneering service and building knowledgeable local groups completely aligns with Lomond’s core worths. I’ve long appreciated Clyde, and this partnership offers a chance to broaden our presence across Scotland.”
The acquisition comes at a time when home market conditions remain difficult for sellers, with combination continuing throughout the agency sector. Earlier this year, several significant firms reported decreasing sales volumes in the middle of market unpredictability.
Clyde Home background
Clyde Home was co-founded in 1987 by Gary Thomson, who continues to lead business. The business started with a single branch in Bearsden near Glasgow, where Thomson and co-founder Bill Cullens presented practices from the new homes market to the resale sector, consisting of weekend opening, comprehensive listings with floor plans and professional photography.
Gary Thomson, Co-founder and Managing Director at Clyde Property, stated: “Clyde was founded on concepts that stay at the heart of our company 39 years later– trust, a forward believing frame of mind, and putting individuals initially. When thinking about a partner for the next stage of Clyde’s journey, positioning in values was vital, and Lomond was the standout option.”
The acquisition marks continued combination in Scotland’s home company sector, with bigger groups expanding their local footprint through strategic purchases of established local operators.