TPM Trust Property

    Trust Property Management Group plc (`Trust' or `the Group')          

 Acquisition of Residential Block Management Division of Paige & Petrook Limited 

Trust Property Management Group plc, the AIM listed property management and
chartered surveying services group, has acquired the residential management
division of Paige & Petrook Limited (`Paige & Petrook') for cash consideration
of �80,000 to be paid in instalments over a 12-month period.

Middlesex based Paige & Petrook (www.paige-and-petrook.com), established over
35 years ago, provides personal and professional service relating to all
aspects of letting procedures. The residential management division currently
manages 445 units and 18 blocks, generating a gross management income of �
53,225. Importantly, the Group expects to increase income over the next year
through increasing fees in line with normal market prices. No appreciable
additional operating costs are expected to handle the increased unit numbers.

Trust CEO Benjamin Mire said,"This acquisition is another step forward towards
building a leading fully-integrated UK based property services company and
demonstrates our commitment to act as a consolidator in this highly fragmented
market. This is our third acquisition since we floated in March 2007and we have
a number of others in the pipeline to complement the organic growth our core
businesses are achieving."

                                 * * ENDS * *                                  

For further information visit www.tpmgroupplc.co.uk or contact:

Julian Finegold, Director                        Tel: 0845 260 1515            
                                                                               
Trust Property Management Group Plc                                            
                                                                               
Liam Murray, Nominated Adviser                   Tel: 020 7492 4777            
                                                                               
City Financial Associates Limited                                              
                                                                               
Isabel Crossley/Susie Callear                    Tel: 020 7242 4477            
                                                                               
St Brides Media and Finance                                                    

Note to Editors:

Trust Property Management Group plc, which floated on AIM in March 2007, is a
provider of professional property management and chartered surveying services,
with over 13,000 residential and commercial units under management. The
management believe that the Company is well positioned to take advantage of the
fragmented property management and surveying market through the consolidation
of its four key subsidiaries: Trust Property Management Limited, which
undertakes residential property management services; Dexter Brown Limited which
sources and manages commercial investment property; Trust Credit Services
Limited, which is a licensed credit facilities provider enabling tenants to
spread cost of ground rents and service charges; and Skylon Limited, which
provides a wide range of chartered surveying services.

The Company has a highly experienced management team including David Glass, the
founder of David Glass Associates which floated on AIM in November 1995;
Benjamin Mire, a Chairman of the Leasehold Valuation Tribunal and former
Director at Lee Baron Commercial Limited; Dr Julian Finegold, co-founder of
Trust Property Management Limited and former business and sales manager at IBM
UK; Larry Lipman, a well-known entrepreneur in the property sector and Trevor
Brown, founder of niche commercial property management company Dexter Brown
Limited, which was acquired by the Company in October 2007.



END

Trust Property (LSE:TPM)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024

Trust Property (LSE:TPM)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024