Editor's note: This brief was summarised by The Property AI Newsroom from a report by PropertyWire. Read the original article for full details.
LRG Grows to 340 Branches with Three New Acquisitions
LRG has completed the acquisition of three established estate agencies, expanding its national network to approximately 340 branches operating under 27 brands. The group has acquired Doolittle & Dalley, Farrar & Co, and Principia Estate and Asset Management.
Doolittle & Dalley is a Midlands-based estate agency that has operated as a family business for more than 130 years. The firm provides residential sales, lettings, commercial lettings, and block management services across the region. All employees will transfer to LRG, and the Doolittle & Dalley brand will continue to operate under its existing name.
In London, LRG has acquired Farrar & Co, a Fulham-based agency established in the 1950s. The firm specialises in residential sales and lettings across Fulham and Chelsea. Following the acquisition, Julian Chambers has remained with the business, while Terje Gilje has stepped down.
LRG has also acquired Principia Estate and Asset Management, based in Chelsea. Principia manages around 250 residential buildings, many located in London conservation areas. The company was also owned by Chambers and Gilje. Principia has retained both its brand and existing leadership team.
The transactions reflect LRG’s strategy of acquiring established regional and specialist businesses while retaining their local brands and management teams. Financial terms of the deals were not disclosed.
LRG’s network now comprises approximately 340 high street branches following these acquisitions, with the group continuing to pursue further expansion opportunities across the UK.
Source: PropertyWire