Five franchisees who purchased an investment platform say they want to double the size of the business by 2028.
Established in 2007, the Platinum Property Partners network has created 1,300 HMOs for more than 8,000 tenants.
As of the end of 2021, the franchise had collectively generated £237m in rental income and £43m in capital growth.
In a six-figure acquisition, five long-standing partners are now equal shareholders of the franchise.
Between them, Paul Watson, Jon Rose, Parminder Dost, Mike Hedgecox and Paul Kutchera have over 50 years of experience within the franchise and around 50 HMO properties.
They have now issued a statement saying, in broad terms, that they are developing a growth strategy including a new package “to better support and incentivise portfolio growth both during and beyond the franchise term as well as sourcing an increasing number of partner suppliers who provide bespoke and discounted products at special rates for Franchise Partners.”
These suppliers provide products and services such as tenant referencing, HMO insurance, and succession planning services.
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