Leaders Romans Group (LRG) has acquired Cardiff-based residential sales and lettings agency Moginie James.
The business is owned by Nick James who founded the agency in 2001 with then-business partner, Peter Moginie.
A residential sales and lettings agency located across three branches in Cardiff, the business also includes a short lets Airbnb-style company created in 2019, called ‘Hello Ted’.
The Hello Ted business is run by two members of the senior management team of Moginie James, who will remain as employees for both businesses.
The existing premises in Cyncoed, Roath and Pontcanna will remain under the Moginie James brand, and LRG said it will be welcoming all 44 existing employees to the group. James will continue to work with LRG on a consultancy basis post-completion.
LRG said the acquisition of Moginie James “strengthens” the firm’s property and professional services in the region.
Matthew Light, group acquisitions director at LRG, said: “Moginie James represents an excellent opportunity to enter the Cardiff market, extending the geographic footprint of the LRG network into South Wales.
“Cardiff, provides a significant property base which more than justifies the three branch location that the current business trades from.”
He added: “Additionally, the Hello Ted business represents a significant opportunity to grow a short lets business, not just in Cardiff, but also across some of the other cities in which LRG already has a presence.
“We are delighted to welcome such a strong business into the LRG fold, and even more so to be welcoming all of Moginie James’ existing employees into the group.
LRG has now completed over 150 successful acquisitions across the UK.