Project Lancastrian – Trust Property Management Group

International property services group, PHM Group, is set to acquire UK-based Trust Property Management Group (Trust Group), in a deal led by FRP Corporate Finance.

Established in 2006, the Trust Group operate in the London metropolitan area and specialise in the management of residential properties and other expert services in the field of property management. Over the years, the company has successfully built a client portfolio consisting of high-value properties within premium postcodes in Central London and surrounding areas. Trust Group now manages more than 11,000 homes across the country, with a team of 59 office-based staff and 91 site based staff.

Headquartered in Finland, PHM Group has seen strong growth in European countries in recent years, first expanding outside the Nordic countries into Germany in 2022, then extending into the Swiss market in 2024. The acquisition of Trust Group expands operations into the UK and provides a platform to build a full-service residential property company in the UK market.

The acquisition includes the Group’s subsidiaries Trust Property Management, Fresh Property Management, Nightingale Chancellors, Dexter Brown, and Skylon Chartered Surveyors. As part of PHM Group, Trust’s business will continue as usual. The transaction is expected to be completed by July 2025 and is contingent on the approval of the UK Financial Conduct Authority (FCA).

Our Corporate Finance team were appointed sell-side advisers to the shareholders of Trust Property Management Group based on the team’s strong credentials, experience and reputation within the property management sector.