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The acquisition of Penyards and the absorption of its property portfolio, clients and staff into the existing Romans branch in Winchester confirms LRG’s position as the market leading provider of property services in the area.

This brings the total number of acquisitions made by LRG since June this year to six, including HPM in Hayling Island, Clearmove in Fleet, MBM Management in Derby and Bulmer Estates in Nottingham.

Matthew Light, group acquisitions director at LRG, says: “These acquisitions are further proof of our confidence in the industry across the UK and our determination to grow both in existing branch locations and brand new areas. Our reputation as the industry’s preferred acquirer is built on many years’ experience and over 150 successful acquisitions completed. We will continue to expand in the coming months."