Leading Birmingham residential sales and letting agent, John Shepherd, has acquired SDL Group’s Birmingham residential lettings portfolio, which comprises 500 city-centre properties, formerly the CP Bigwood residential lettings portfolio.

The deal brings the number of properties under John Shepherd’s management to 2,500 and means seven SDL employees have integrated into the John Shepherd property team – boosting its number to 75.

This is the first acquisition in the city centre since John Shepherd moved to its flagship city-centre office last year and follows the acquisition of Wolf’s in May last year which saw it extend its reach to Harborne. It is John Shepherd’s fourth acquisition since merging with property group, Lomond Capital, in 2014. Lomond’s Birmingham offering under the John Shepherd brand includes Marwood Homes and John Shepherd Estate Agents and Lettings.

Richard Crathorne, joint Chief Executive of John Shepherd Lettings and Estate Agents said:

“This is a fantastic portfolio of city centre properties and we are committed to providing ongoing quality, professional management services to its landlords and investors. That will be made all the easier with the great team from SDL who will be joining our ranks ensuring consistency and insight into the management of these properties.”

Bruce Evans, Chief Executive of John Shepherd’s parent company, Lomond Capital, added:

“John Shepherd’s strength and depth mean it is already the number one lettings and estate agency brand in Birmingham. As such, we are seeing more opportunities come through our doors such as the high profile Princes Gate development which is due to be exclusively launched in May by John Shepherd New Homes. However, we are not resting on our laurels and are continuing to grow organically and through acquisitions such as this. We have a strong pipeline of further acquisitions and would invite anyone looking to sell their property management business to reach out to our team.”

Anyone interested in speaking to the Lomond Capital team about selling their business should contact info@lomondcapital.com or visit www.lomondcapital.com/about-us/our-business/selling-your-business-to-lomond