DJ Alexander already covers the major cities including Edinburgh, Glasgow, Aberdeen and Dundee. This latest purchase will see the firm increase its geographic coverage in and around the North-east of Scotland.

Kevin Fraser, managing director of DJ Alexander, said: “Our acquisition strategy in Scotland focuses on identifying thriving businesses operating in the most attractive, high-growth markets. 

“Margaret Duffus Leasing fits the brief perfectly, with a loyal client base and strong ties to Aberdeen and the surrounding areas. We look forward to welcoming them to DJ Alexander.”

David Alexander, chief revenue officer at DJ Alexander, said: “Having once built my business independently prior to joining Lomond, I can attest to the many benefits of being part of the Group, and I look forward to welcoming Margaret Duffus Leasing and its clients on board.”

Sarah Harley, owner and director of Margaret Duffus Leasing, added: “As a family enterprise founded by my mother, the business has always been close to our hearts. 

“After careful consideration, it’s clear that DJ Alexander’s scale, resources and commitment to service, make it best placed to support the future needs of our clients amidst the changing lettings landscape.”