Property group Lomond has acquired Clyde Property Group, including its subsidiaries Burgh Property and Cathedral Estates, in a move that strengthens its presence across Scotland.
The acquisition adds to Lomond’s existing Scottish operations, which include DJ Alexander. Under the new structure, Clyde Property will manage operations in the West of Scotland, while DJ Alexander will oversee the remainder of the portfolio.
Regional expansion strategy
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 opportunity to expand our presence across Scotland.”
The acquisition comes at a time when property market conditions remain challenging for sellers, with consolidation continuing across the agency sector. Earlier this year, several major agencies reported declining sales volumes amid market uncertainty.
Clyde Property background
Clyde Property was co-founded in 1987 by Gary Thomson, who continues to lead the business. The company started with a single branch in Bearsden near Glasgow, where Thomson and co-founder Bill Cullens introduced practices from the new homes market to the resale sector, including weekend opening, detailed listings with floor plans and professional photography.
Gary Thomson, Co-founder and Managing Director at Clyde Property, 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.”
The acquisition marks continued consolidation in Scotland’s property agency sector, with larger groups expanding their regional footprint through strategic purchases of established local operators.
