LRG acquires Dragonfly Lettings

The property group's latest acquisition marks a 'significant' step in its strategy for increased presence in Norwich.

Related topics:  Letting Agents,  LRG
Property | Reporter
6th August 2024
Handshake 56
"The acquisition of Dragonfly Lettings is the first of a series of acquisitions over the coming weeks and months. This move increases our already strong lettings presence and market share in the Norwich area"
- Matthew Light - LRG

Leaders Romans Group has announced the acquisition of Dragonfly Lettings, a well-established lettings business located in Cringleford, Norwich.

Dragonfly Lettings has been a cornerstone in the local market since its inception in 2017 when Glen Hammond merged the lettings portfolios of HammondLee and Stratfords of Eaton Ltd. The business has since grown to manage a robust portfolio of properties, providing exceptional service to its clients.

The acquisition will see Dragonfly Lettings absorbed into Leaders’ Cringleford and Norwich offices. All existing staff will transition to LRG, ensuring continuity of service for clients, with the current director exiting the business upon completion of the acquisition.

Matthew Light, Group Mergers and Acquisitions Director at LRG, commented: “After the significant acquisitions of Stirling Ackroyd, Alexander & Co, and Peter Ball earlier this year, which led to a brief pause, we are now firmly back on the acquisition trail.

"The acquisition of Dragonfly Lettings is the first of a series of acquisitions over the coming weeks and months. This move increases our already strong lettings presence and market share in the Norwich area.”

Glen Hammond, Managing Director, Dragonfly Lettings commented: “Dragonfly Lettings has been a significant part of my professional journey. The decision to join Leaders Romans Group was made with the confidence that our clients and team will benefit from the extensive resources and support that LRG offers.”

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 20,000 landlords and property specialists and keep up-to-date with industry news and upcoming events via our newsletter.