Principle wins another major London contract

A long-standing landowner in the area, dating back to the early 17th century, SKE manages an extensive portfolio of over 300 properties in the area, encompassing a wide variety of shops, restaurants, offices, art galleries and residential spaces.

Richard Blake, property director at SKE, said: “Principle’s growing reputation in London, their expertise in managing historic and mixed-use buildings, and their consultative approach with both leaseholders and freeholders made them the ideal partner for this specialist instruction.

“We will continue to manage the commercial tenancies directly and know we will have a close working relationship with Principle on areas of overlap.”

Located just a five-minute walk from South Kensington Underground station, Empire House and Dalmeny House are situated opposite to the V&A Kensington and moments from the Natural History and Science Museums. They are a short stroll from Harrods and Brompton Road, an area where Principle has recently expanded its management portfolio with Lincoln House.

Brett Williams, joint managing director at Principle, said: “My early interest in buildings and architecture led me to become a chartered surveyor, I’m delighted to add these stunning heritage buildings to our portfolio. We are thrilled to have been entrusted with the management of these properties.”

Empire House is a Grade II listed Edwardian building with previous lives as a showroom, warehouse and offices of the Continental Tyre and Rubber Company. Designed to mirror the style of the V&A, it was converted into retail and residential use in the 1920s.

Dalmeny House was completed later, in 1927, for residential use, with four retail units. It shares a site with the Rembrandt Hotel which also contribute towards the service charge. Both properties retain period features throughout. 

Rachael Hornby, Principle’s director of property in London, is ideally placed to offer expert support to SKE.

She said: “High Risk Buildings as defined under the Building Safety Act, now require specialist capability alongside traditional leasehold management expertise.

“The mixed-use nature of these properties adds further complexity, as does their heritage and listed status. This instruction covers all these elements. It will be a privilege to lead our property management and building surveying teams to engage with residents, retailers and SKE.”

Principle’s appointment by SKE marks another milestone in its expansion within London’s prime real estate market, further establishing the company’s position as a leading specialist in the management of high-value, complex, and historic properties.