Dutch real estate company TCN Property Projects has expanded its European network by acquiring a majority stake in UK development company Express Park Group, to form TCN Express Park UK. The newly merged company will be managed jointly by Richard Pearce, currently managing director of TCN UK, and Paul Knell, managing director of the Express Park Group.
Dutch real estate company TCN Property Projects has expanded its European network by acquiring a majority stake in UK development company Express Park Group, to form TCN Express Park UK. The newly merged company will be managed jointly by Richard Pearce, currently managing director of TCN UK, and Paul Knell, managing director of the Express Park Group.
Richard Pearce commented: 'Express Park's skilled team and existing portfolio offers TCN an opportunity to gain a good presence in the UK market, extending the European network. Combined with TCN's unique approach to value creation, the transaction presents an exciting proposition in a market which will increasingly require creative asset management based on real property fundamentals.'
Express Park Group is a diversified investment and development company that was established in 1998. It is privately funded and has six operating divisions: Express Park Developments, Living Space Residential, Express Recycling & Plastics, Express Power, Express Park Management and Express Park Construction. Founded in 1984, TCN Property Projects has offices in the Netherlands, Germany, Portugal, Belgium, the UK, Turkey, Spain, Austria and Hungary.
