Platinum Property Partners ownership re-structure - "We loved the company so much, we bought it!".

Premium property investment franchise, Platinum Property Partners (PPP), has been acquired by a group of long-standing franchisees as the network commits to growing its provision of high-yielding and high-quality Houses in Multiple Occupation (HMOs) across England.

Five franchise partners have come together to invest over a quarter of a million pounds to take ownership of PPP and invest in the future sustainability and success of the business.

Since being established in 2007, PPP has supported over 390 people to create highly profitable property portfolios, comprising 1,300 shared homes for more than 8,000 tenants. As of the end of 2021, the franchise had collectively generated £237 million in rental income and achieved £43 million in capital growth.

The equal shareholders have over 50 years’ combined experienced within the franchise, with some having an extensive background in property and company directorships prior to that. Together, they own the same amount of HMOs – c.50 – and have all played an integral role in the recruitment, training and mentoring of landlords in the network as well as the evolution and development of the business itself.

Having all developed their own successful PPP portfolios through an array of legislative, tax and economic challenges, the new Board of Directors offer existing and new franchisees an added level of confidence.

With immediate effect, the new owners are Paul Watson, Jon Rose, Parminder Dost, Mike Hedgecox and Paul Kutchera.

The announcement comes just months after the franchise celebrated its 15th birthday in 2022 and with Head Office staff, coaches and mentors remaining in place, the network will continue to benefit from the specialist knowledge of an experienced team.

Having already welcomed new joiners since they took on ownership in March, the total number of people supported over the last 16 years is just shy of 400.

Learn more here: https://platinumpropertypartners.co.uk/

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