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TODAY'S OTHER NEWS

Brand Vaughan and Mishon Mackay combined in latest Lomond deal

Lomond has announced yet another acquisition, expanding its presence across the south coast with the acquisition of Mishon Mackay.

The five branch business of Mishon Mackay was originally established in 1987, covering Brighton, Hove and Mid Sussex and is one of Brighton’s most established and respected estate agency brands, operating across the lettings, sales, land and new homes sectors.

The deal will cover Mishon Mackay’s more than 500 rental properties under management and 175 property sales instruction portfolio valued at an estimated £1.3m in commission value. In addition, south coast-based Brand Vaughan will also see a boost of 100 new homes across nine new-build developments in East and West Sussex with a market value of £45m.

Lomond chief executive Ed Phillips said: ““Having originally acquired the Brand Vaughan business in 2017, we’ve watched it go from strength to strength in what is an incredibly strong and diverse area of the market.

"The acquisition of an equally reputable and established brand in Mishon Mackay is one that we’ve had on our radar for some time now and we’re delighted that it has finally come to fruition.

“Both businesses already hold a very strong position within the regional market and so the acquisition of Mishon Mackay will help strengthen our south coast operations considerably.

Paul Broomham, chief executive of Brand Vaughan and Lomond’s South Coast Division, added: “We have been long standing admirers of the Mishon Mackay business and we’re delighted to have finally reached an agreement that will combine two formidable forces in the regional property market.

“In doing so, we are creating a one stop shop for landlords, sellers, tenants and buyers within the region, all of whom will benefit from the staggering level of local market experience that both teams possess. 

“We can’t wait to welcome the Mishon Mackay team and their clients and we look forward to unifying two of the market leading teams over the coming weeks, with exciting growth plans for the future.”

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