Edinburgh-based property management firm Lomond Capital has completed the acquisition of South Manchester sales and lettings agent, Hallmark Residential.

As its sixth acquisition of the year, the deal further cements the expanding property group's position in the UK Private Rental Sector (PRS) and brings the value of properties under Lomond's management to £2.7 billion.

The deal also follows the recent purchase of Tanat-Jones & Company in Brighton and Hove.

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Bruce Evans, Chief Executive Officer of Lomond Capital, said: "We're finishing off 2017 with two great deals that strengthen our position in two key regions – the South as we look to the London market, and the North West where Hallmark Residential marks our seventh acquisition.

"Bringing Hallmark Residential into our fold enhances our position in this important market. We continue to look for quality business in key regions around the UK and are looking to push into new markets which could dramatically change the value of our portfolio. Indeed, we aim to sell over £1 billion worth of properties next year in addition to building our portfolio to over £4billion."

(LM)