Principle’s expansion into Bristol and the south west continues

The new build development involved the demolition of previous buildings and the construction of a two and three-storey block which contains a mixture of one, two and three bedroomed flats.

This is the second contract in Bristol that Principle has been awarded by Pier, the other being for the similarly named apartments at North Street, Bristol.

Brett Williams, managing director of Principle, joked: “We’ve said that we now need a North Avenue and North Close to complete the set!

“But seriously, it’s great to have another property in the portfolio for this client and also in the south west where we have a growing number of schemes in management.”

Dan Harrison, managing director of Pier, said: “We were happy with Principle’s management of our other development in Bristol and knew they could take on the management of this one quickly and efficiently at short notice after our acquisition completed.”

Mr Harrison added that Pier’s parent company are still actively acquiring more freehold ground rent investments.

Principle Estate Management was launched in 2018 by Mr Williams, the former head of residential property management at CPBigwood in Birmingham, and a past-chairman of ARMA.

It is now the UK’s fastest growing residential estate management business 18 months after its launch, with well over 150 developments across the country.

Principle is based at Cornwall House in Lionel Street, Birmingham, and offers a national property management service.