Lomond taking his pick of "maturity" rentals (Scottish) market

Starting from letting property capital Lomond is poised to announce new acquisitions in the coming months is the dominance of the market in Scotland.
Said consolidation starts its agreement to purchase Edinburgh letting agent Braemore earlier this month is the first of many. Talks are underway with several other rental agents in Edinburgh and Glasgow and agreements are likely to be completed by early February e th.

Roger Lane-Smith, President of Lomond Capital, which has paid an undisclosed amount Braemore, said Scotland Sunday consolidation vehicle examined several industries to settle on the private rented sector.

"We have been researching the market for 18 months or more and concluded that it is very fragmented and ready for consolidation."

The market is fragmented and the macro-dynamique means that it is good to be in an instant. There more renters and owners, taking into account the difficulty for the first time buyers raise finance, dynamics is defined, said Lane-Smith.

The target group a minimum of 5,000 properties under management by City beginning in Edinburgh and Glasgow to other regional centres such as Manchester, Leeds and Bristol, he said.

"The critical mass of 5,000 properties we would the largest Edinburgh and, probably, Glasgow." With more than 10,000 letting agents in the United Kingdom, we believe further consolidation is inevitable and Lomond actively lead the way. »

Lane-Smith described Edinburgh as a "single market" for a piece of consolidation.

"It's fortunate but fragmented, it is a good starting point." Braemore our criteria and creates a good hub in Edinburgh we can add more business. We hope to do one or more within 60 days, or if.