Property group puts trust in Lipman

Trust Property Management, the property management and chartered surveying services play that joined AIM in March, has appointed extremely well-known sector mover and shaker Larry Lipman as a non-executive director.

Entrepreneurial Lipman has held a variety of directorship roles with companies in both the quoted and unquoted arena. The renowned deal-maker co-founded AIM-listed Safeland, from which he de-merged or listed a number of other companies onto AIM, his knowledge of which is said to be ‘in depth’.

These include Hercules Property Services, a residential management business and commercial property auctioneer that waltzed off with the best-performing AIM share award in its maiden year of trading, as well as Bizspace, which was subsequently acquired by Highcross for £81.2 million in 2006.

Self-storage venture Safestore was re-listed and today boasts a market value of £375 million, having previously been taken off the market following a £44 million management buy-out.

‘We are delighted to welcome Larry, who we have known and worked with previously, to our Board,’ beamed Trust chief executive Benjamin Mire. ‘He brings with him a wide variety of industry expertise and experience, which will prove invaluable for the future development of the Group.’