Directors Nick Mullins, Ian Scott and Hugh Anderson are understood to depart Lambert Smith Hampton’s Manchester office in the New Year. News broke this morning that LSH had been sold by owner Countrywide to a US-based investor for £38m.
Ian Scott is national head of build-to-rent based within Manchester’s capital markets team. Nick Mullins, executive director for business transactions, rejoined LSH in 2018 after a two-year stint at Property Alliance Group. Prior to his time as LSH, Mullins spent 15 years at CBRE, latterly as senior director in the land and development team.
Mullins and Scott are set to work alongside Hugh Anderson, divisional director in LSH’s hospitality and leisure team. Anderson joined LSH in 2015 following the acquisition of ES Group.
Earlier this month, Place North West revealed three retail and leisure agency directors had left LSH in Manchester to set up their own consultancy, Lyons Thompson Letts Property Consultants.
Former regional head of retail Jonathan Thompson, director Richard Lyons, and director Tim Letts all joined LSH in 2015 as part of the acquisition of specialist agency Tushingham Moore, and left this month to establish their new business on Brown Street.
This morning Countrywide Group announced the sale of Lambert Smith Hampton to John Bengt Moeller, owner of US-based Great Global Holdings, for £38m.
Place understands the latest wave of resignations came prior to the news of the GGH takeover.
Commenting on the deal, Ezra Nahome, chief executive of LSH, said: “We will become a well-capitalised and debt free business with a long-term international investor, GGH, who is fully behind our long-term vision and strategy.
“We will have complete ownership and control of our future destination, with the ability to react more quickly to market change and opportunity.”
LSH was acquired by Countrywide in 2013.
Peter Long, executive chairman of Countrywide, said: “The sale of the Lambert Smith Hampton commercial business strengthens the group. Once completed, we believe that the group will be in a more advantageous position in our core residential market.”