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FRP has advised Encore Property Management Group on the acquisition of Peterborough-based estate and community management specialist Preim Ltd with the support of its backer, Queen’s Park Equity (QPE).
With Preim currently managing 16,000 properties across England and Wales, the acquisition sees Encore add significant scale, geographic expansion and housing development expertise to its portfolio.
FRP said partner Chris Adlam, alongside senior manager Joanne Price and director Matt Field advised on the deal, which represents Encore’s first acquisition since QPE backed a management buyout in March 2021 and its fifth acquisition since it was founded in 2004.
Joaquim Fillola, CEO of Encore, said: “Preim has a fantastic reputation and track record with long-standing client partnerships. The business is a great strategic and cultural fit, with the Preim leadership team being Encore alumni.
“We look forward to working together as we strive to be the most professional managing agent in the country, providing our clients with the best service.”
Chris Adlam, partner at FRP, added: “The residential management market remains fragmented and managing agents are entering an exciting period of consolidation, with buy and build strategies like Encore’s representing a flight to quality.
“It was a privilege to advise on the initial investment last year and likewise it’s even more exciting to now support Encore in making such a significant first acquisition with QPE supporting and powering its growth.”
