Edinburgh-based property firm Lomond Capital announced its second acquisition in two weeks as it continues to expand in the UK Private Rental Sector (PRS).

The acquisition of South Manchester sales and lettings agent Hallmark Residential brings the value of properties under Lomond’s management to £2.7 billion.

In the North West of England, under the Thornley Groves brand, the firm new has 3,000 properties under its management.

This deal follows the purchase of Tanat-Jones & Company in Brighton and Hove.

Bruce Evans, CEO 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 £4 billion.”