London-based real estate group’s further expansion into East Midlands to be looked after by Principle
Principle Estate Management is to look after two freehold investments recently purchased in the East Midlands by the Englander Group, a national real estate investment group.
The latest assets added to Englander’s portfolio include ground rents at Royal Oak Court and Vine Court, which are both located in Irthlingborough, a small town near Wellingborough in Northamptonshire.
The new contract for Principle follows its appointment to look after Englander’s portfolio in the West Midlands last year.
Benjamin Cowen, residential asset manager at the London-based Englander Group, said: “There aren’t many investors buying in the current marketplace, but we are pleased with our new acquisitions in Northamptonshire.
“Now we are expanding into the East Midlands it made sense to appoint Principle to look after all our properties across the entire Midlands area.
“This means there is a single point of contact with a management agency with known high standards, one that is regulated by the sector and has founding directors who are chartered surveyors with a wide knowledge of all property types.”
Mr Cowen added: “We also wanted an agent who could take over our management instructions at short notice while being sympathetic to the outgoing agent, and Principle once again impressed us by more than ticking all those boxes.”
Ian Smallman, director at Principle, said: “We’re delighted to be a trusted part of Englander’s ongoing expansion into the East Midlands.
“We will now work quickly to review all compliance matters to make sure the highest standards of finance management and health and safety are both refined and maintained for the future.”
Principle Estate Management was launched last year by Mr Williams, the former head of residential property management at CPBigwood in Birmingham and an experienced chartered surveyor.
The company is based at Cornwall House in Lionel Street, Birmingham, and offers a national property management service.