A premium collection of 146 homes located on an unusual river island setting in a Cambridgeshire town is to be looked after by Principle Estate Management.
The development is a private estate of leasehold and freehold properties based within a protection zone at Skipper Way on The Island, sitting on the Great River Ouse that runs through St Neots.
St Neots is on the East Coast Main Line about 50 miles north of London and 18 miles west of Cambridge, and is one of the largest settlements in Cambridgeshire after the cities of Peterborough and Cambridge.
The development includes common areas and landscaped grounds that are bordered by two riverbanks and ten blocks of leasehold flats, made up with 85 leasehold and 61 freehold properties.
Directors of The Island (St Neots) Management Company Ltd awarded the management contract to Principle following a full tender process.
Joe Jobson, joint managing director at Principle, said: “We are very proud to be the new managing agents of The Island, which will fit perfectly into our expanding portfolio.
“We know our new client undertook a full and diligent tender process so to have been successful is something we are most proud of.
“Some of the key areas where we understood we were strong in our tender included our bespoke resident management company service and the fact that we have locally based site inspectors.
“We will now be working closely with our client in implementing our 100-day integration plan as well as undertaking a full resident meeting to understand any current issues.”
Alison Gledhill, chair of The Island (St Neots) Management Company Ltd, explained how all owners of properties on the estate were shareholders.
She said the management company’s board of directors wanted to ensure that shareholders received high quality services, and the estate’s common areas and leasehold properties were fully maintained and future-proofed.
Ms Gledhill said: “Principle came out on top in a full and thorough tender process, and we are really looking forward to working with them.”
With offices in Birmingham and London, Principle now has approximately 50 staff and looks after nearly 10,000 property units in more than 300 developments across the UK.