Places for People swoops for RMG

PROPERTY management and development group Places for People, which has an operation in Yorkshire, has acquired RMG.

Hertfordshire-based RMG provides property-related services, including estate management, grounds maintenance, and rent and service charge collection, to a number of housebuilders, registered providers, landlords, and local authorities.

It also manages housing options advice, private sector leasing and facilities management services to local authorities across London and the South East.

Places for People is one of the UK’s largest property management and regeneration companies with 81,000 homes under management and £3bn in assets. It has offices in York as well as London, Preston, Edinburgh and Norwich.

Clearwater Corporate Finance’s specialist real estate team advised RMG on the sale. The team comprised partner Marcus Archer and assistant director Andy Strickland.

Mr Archer said: “We are delighted to have helped RMG secure this deal. It has successfully established itself as one of the key players in the residential property management sector, and is a market-leading business with a strong, established national brand.

“The sale will provide RMG with the opportunity to leverage the market position and operating platform the management team has established to deliver its growth plan.”

Hugh McGeever, managing director at RMG, said: “Places for People delivers excellent services in regeneration, new development and community initiatives. We are really looking forward to working with the team and will continue delivering high-quality services while expanding our portfolio of customers.”

RMG received legal advice from Olswang while Eversheds advised Places for People.