Breaking Property News – 03/06/24

June 3, 2024

Daily bite-sized proptech and property news in partnership with Proptech-X.

 

The Property Franchise Group’s acquires part of nurtur.group in £20M deal

Press Release London 03/06/2024 – TPFG growth continues with the acquisition of The Guild of Property Professionals and Fine & Country.

We are pleased to announce that The Property Franchise Group PLC (TPFG) has acquired The Guild of Property Professionals and Fine & Country (part of nurtur.group).

The combined business will comprise of a network of over 1,800 outlets across the UK and internationally, bringing together a wealth of experience and expertise.

Iain McKenzie, comments on behalf of The Guild of Property Professionals and Fine & Country, “Myself, Nicky Stevenson and the Senior Management Team are genuinely delighted and excited by the opportunities created by our two businesses coming together, placing The Guild Members and Fine & Country Licensees under an established and growing organisation, broadening TPFG’s geographical footprint.

We have a proven track record of delivering innovation and marketing services to our Members and Licensees, and as a consequence of now being part of a larger group our customers will benefit from existing supplier partnerships, allowing us to introduce significant additional benefits”.

Gareth Samples, CEO of TPFG added “The latest acquisition continues to deliver on our wider strategy of delivering breadth and depth to our network, further enhancing TPFG’s recurring revenue streams. I am really excited about working alongside Iain McKenzie and the team to continue the growth across the Group and providing additional benefits to our network”.

Andrew Stanton, ex NED of nurtur.accelerator & CEO of Proptech-X & Proptech-PR comments, “Knowing the strengths of all the businesses in this ‘marriage’ the vast strategic strength of aligning both UK and global brands is a perfect fit, and I know that Iain & Nicky will add a significant depth of experience to the already vast amount of wisdom within the Property Franchise Group, which with Gareth Samples at the helm looks to dominate the agency vertical”.

 

Andrew Stanton Executive Editor – moving property and proptech forward. PropTech-X

Andrew Stanton

CEO & Founder Proptech-PR. Proptech Real Estate Influencer, Executive Editor of Estate Agent Networking. Leading PR consultancy in Proptech & Real Estate. Want to contact me directly regarding one of my articles or maybe you'd like a chat about future articles? Email me via editor@stagingsite.estateagentnetworking.co.uk

You May Also Enjoy

Breaking News

Zoopla Rental Market Report: Rents rising at lowest level for 3.5 years

Upcoming reforms in the rental market will limit new investment and the number of homes for rent Rents rising at lowest level for 3.5 years as Zoopla warns upcoming rental reforms will continue to limit rental supply   Average UK rents for new lets are three per cent higher over the last year, down from…
Read More →
Estate Agent Talk

Commonhold White Paper – Thoughts from the Industry

The sale of new leasehold flats in England and Wales is to be banned under Labour’s plan to end the  ‘feudal’ system. Labour wants to switch to Scotland’s commonhold system There are around 5 million leaseholders in England and Wales. Under commonhold, each flat owner would own the freehold of their home, but also have…
Read More →
Breaking News

Greenpeace Ruling Exposes UK Government Policy

In January 2025, Greenpeace brought a collective action against the Dutch state for failing to comply with a 2018 European Court of Justice ruling on nutrient neutrality. An appeal is expected: however, as the UK Government has adopted the same ‘tax builders for pollution others cause’ approach to reducing nutrient pollution, it may find itself…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove commentary on mortgage market + weekly tracker

Commenting on the mortgage market, Rightmove’s expert Matt Smith said: “The market has settled after the unexpectedly high inflation figure. Average mortgage rates on many products have trickled downwards, and we’ve even seen the return of some eye-grabbing sub-4% mortgage rates for those with the biggest deposits. It shows that mortgage lenders are still keen to…
Read More →
Breaking News

Government plans to ban new leasehold flats

With the Government’s plans to ban new leasehold flats, an expert says the system must be ready to cope. With the news that Government is to outline plans to ban new leasehold flats and adopt commonhold, with draft Leasehold and Commonhold Reform Bill to be published later this year, Scott Goldstein, Partner, Payne Hicks Beach,…
Read More →
bank of england interest rate
Breaking News

Bank of England Money and Credit Report – January 2025

Overview These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net borrowing of mortgage debt by individuals rose by £0.9 billion, to £4.2 billion in January.…
Read More →