Connor will be tasked with enhancing Zentra’s assured shorthold tenancy lettings and property management capability through a new subsidiary called ZPAS ltd.

Zentra will hold 51% of the ordinary share capital of ZPAS with Connor holding the rest.

Zentra will also retain board and governance control, with CEO Jason Upton acting as chair.

Connor will be responsible for ZPAS’s day-to-day operations.

ZPAS will operate as a standalone business, but with Zentra staff supporting the initial transition period. Net profits will be shared 51% to Zentra, 49% to Connor.

The formation of ZPAS is intended to improve the scalability, operational focus and quality of the Zentra’s shorthold tenancy lettings and management activities, while avoiding the addition of senior fixed overhead at group level.

The JV does not replace the existing property services offered by the group, which will continue to operate alongside the JV.

•   The Finance Professional Show 2025: The Video
•   Zentra reports selling losses and delays
•   Zentra completes £1.1m sale, reinvests proceeds

“The formation of ZPAS allows us to strengthen that capability by introducing a more focused, specialist operating structure, while retaining governance, customer relationships and data at group level,” said Jason.

“We believe this is a capital-efficient way to improve service quality and grow recurring fee income without adding senior fixed overhead.”

Connor is an active director of Empanda Properties Ltd and Entire Spaces FM Ltd, where he has focused on improving occupancy levels, controlling arrears, increasing renewal rates and strengthening operational compliance.

Connor added: “I’m pleased to be joining the team at Zentra and to be part of the next stage in the company’s journey.

“Property management is already an important part of the group’s offering, and my focus will be on building on that foundation by delivering a consistent, hands-on lettings and management service that improves outcomes for residents, landlords and the group."