Portuguese investment firm Oxy Capital has continued to increase its shareholding in The Property Franchise Group, the UK’s largest multi-brand property franchisor.
Bournemouth-based group, which has 1,900 branches operating under 18 brands including Belvoir, Fine & Country and Hunters, said in a London Stock Exchange announcement that Lisbon-headquartered Oxy now holds just over 5% of the business.
The latest move comes two months after Oxy snapped up an initial 2m voting rights in the group and a second tranche early March.
Oxy’s investment portfolio is in sectors such as industrial technology, digital services and sustainable mobility, and includes Portuguese metal finisher Eurogalva, Spanish electric vehicle charging infrastructure business Remo Sustainable Mobility and Lisbon-based specialist software firm Saphety.
In the year to 31 December, The Property Franchise Group’s earnings rose by 49% to £30.3m on revenue up by 25% at £84.3m. During the year it completed on 35,000 residential sale transactions, up on 30,000 in 2024.