Principle Estate Management has won the contract to look after a portfolio of four high quality property developments in north Birmingham and Lichfield.
The portfolio is spread across luxury flats and houses in Sutton Coldfield, Erdington, and Lichfield.
The properties were all built by a reputable local developer around ten years ago to exacting standards with some of the individual flats sold to the developer’s personal contacts, including friends and family members, and others retained for themselves, along with all the freehold reversions.
The freeholds have remained with the developer who obviously has an ongoing interest in the developments being properly managed, with good customer focus and cost control.
A spokesman for the freeholder said “As a property professional myself, I wanted an independent agent who really cares for the developments and can deal with compliance issues in a cost-effective way. We feel Principle is the right company for this job.”
Brett Williams, managing director of Principle, said: “We were delighted to have been approached to put forward a management proposal and to have secured another portfolio instruction from an experienced developer/freeholder.
“These are all high-quality builds and need to be proactively managed to maintain standards and therefore both capital and rental values.”
Principle Estate Management was launched a year ago by Mr Williams, the former head of residential property management at CPBigwood in Birmingham. The company is based at Cornwall House in Lionel Street, Birmingham, and offers a national property management service.