FHP Living has completed the sale of its Lettings and Management department, under the leadership of Luke Pritchett, to Lomond Group, which trades as John Shepherd in the Midlands.
David Hargreaves, who led the sale negotiations, said:
“We have had a number of approaches over the years for our business, but John Shepherd felt like the best fit for our clients and also offered the best career opportunities for our Lettings and Management Team.”
“We have retained our property sales business and our prime West Bridgford office.”
The deal expands John Shepherd’s presence in Nottingham and West Bridgford. It also adds a growing student lettings operation.
The companies did not disclose the financial terms.
The deal marks another expansion by Lomond as consolidation continues across the estate and letting agency sector. Nottingham remains a key market for the group’s growth strategy.
David Hargreaves, John Proctor and Brian Fisher founded FHP Living in 2000.
The business began as a residential development advisory firm in Nottingham’s Lace Market. It later expanded into sales, lettings and property management.
Following the deal, director Luke Pritchett will remain with the acquired lettings business.
Paul Clarke, chief revenue officer at Lomond, said: “FHP Living represents exactly the kind of business we seek to bring on board – business-minded, locally trusted and client-focused.
“Their ability to offer a wide range of property services in the Nottingham area, backed by strong client and staff loyalty, is a testament to the strength of their model.
“By combining their local expertise with the scale of John Shepherd and the wider Group, we’re creating a business that’s better equipped to support landlords through the sector’s ongoing regulatory evolution.
“I am looking forward to working with Luke and his incredible team to serve our Nottingham clients.”
