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Leaders Romans Group Acquires Dragonfly Lettings Marking LRG's Expansion in the Norwich Market

gemma@pnprlimited.co.uk
Authored by gemma@pnprlimited.co.uk
Posted: Monday, August 5, 2024 - 09:12

Leaders Romans Group (LRG) announces the acquisition of Dragonfly Lettings, a well-established lettings business located in Cringleford, Norwich. This acquisition marks a significant step in LRG’s strategy to enhance its presence in the Norwich area.

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.

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.”

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.

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.”

This acquisition is part of LRG’s ongoing strategy to grow its lettings portfolio and strengthen its market position across the UK. The integration of Dragonfly Lettings will enhance the group's ability to provide high-quality lettings services in Norwich and the surrounding areas.

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