Tuesday, July 23, 2024

DJ Alexander purchases Sandstone UK Property Management Solutions

DJ Alexander Acquires Sandstone UK Property Management Solutions Ltd

The Scottish estate and letting agency DJ Alexander has made a significant acquisition by purchasing Sandstone UK Property Management Solutions Ltd, also known as Sandstone Management. This move adds close to 2,000 properties to DJ Alexander’s already impressive portfolio, solidifying their position as a market leader in Scotland.

With Lomond, DJ Alexander’s parent company, having acquired nearly 60 property businesses in the past three years and generating over £100 million in revenue annually, it’s clear that they are on a mission to dominate the property management sector. The CEO of DJ Alexander, David Alexander, expressed his excitement about this latest acquisition and hinted at more to come in the future.

Ed Phillips, CEO of Lomond, echoed this sentiment, emphasizing their goal of becoming the ultimate leader in property agency businesses in the UK. With the resources and team in place to make it happen, Lomond is poised for rapid growth and expansion.

Peter Grant, the former CEO of Sandstone, shared his pride in building a successful property management agency over the past 25 years and expressed confidence in handing it over to DJ Alexander and Lomond for the next phase of its journey. With the business now in capable hands, he looks forward to seeing it evolve and grow under new management.

This acquisition marks a significant milestone for DJ Alexander and Lomond, showcasing their commitment to growth and excellence in the property management industry. As they continue to expand their reach and enhance their services, it’s clear that they are a force to be reckoned with in the Scottish property market.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The content is based on general research and may not be accurate, reliable, or up-to-date. Before making any financial decisions, it is recommended to consult with a professional financial advisor or conduct thorough research to verify the accuracy of the information presented. The author and publisher disclaim any liability for any financial losses or damages incurred as a result of relying on the information provided in this article. Readers are encouraged to independently verify the facts and information before making any financial decisions.

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