Property firm Lomond hails ‘significant milestone’ in Scottish growth plan
Following the deal, Clyde Property will oversee operations in the west of Scotland, while DJ Alexander will manage operations across the remainder of the portfolio.
Lomond, the acquisitive property management group, has further expanded into the Central Belt with the acquisition of letting and estate agency business Clyde Property.
Financial details surrounding the purchase of Clyde Property Group, which includes Burgh Property and Cathedral Estates, have not been disclosed.
Co-founded in 1987 by Gary Thomson, who remains actively involved and continues to lead the business, Clyde has built a reputation for combining local knowledge with the latest digital marketing techniques.
From a single branch in Bearsden, Thomson and business partner Bill Cullens drew on their new homes experience to fill what they identified as a “noticeable gap” in the resale market, where standard new homes practices such as weekend opening, detailed listings with floor plans and professional photography had not yet become the norm.
Lomond said its latest acquisition marked a significant milestone in its growth strategy, expanding its Scottish footprint with another “market leading brand”, alongside the long-established DJ Alexander name. Following the deal, Clyde Property will oversee operations in the west of Scotland, while DJ Alexander will manage operations across the remainder of the portfolio.
Thomson, co-founder and managing director of Clyde, said: “Clyde was founded on principles that remain at the heart of our business 39 years later - trust, a forward thinking mindset, and putting people first.
“When considering a partner for the next stage of Clyde’s journey, alignment in values was paramount, and Lomond was the standout choice. This partnership will enable us to thrive, while preserving what makes us Clyde.”
David Alexander, chief revenue officer at Lomond, said: “Clyde’s passion for pioneering service and building knowledgeable local teams perfectly aligns with Lomond’s core values. I’ve long admired Clyde, and this partnership offers an exciting opportunity to expand our presence across Scotland.
“I’m delighted to welcome Clyde's talented team and valued clients and I am excited to work alongside Gary,” he added.
Comments
Want to join the conversation? Please or to comment on this article.