Principle tackles issues for block of offices and apartments in Birmingham’s Jewellery Quarter
A smart, mixed-use block of offices and apartments with a number of issues in Birmingham’s Jewellery Quarter is to be looked after by Principle Estate Management.
Principle has been appointed to tackle the problems at the Altitude building on Powell Street which contains commercial offices with residential apartments above, totalling 32 units in all, and secure courtyard parking to the rear ground floor and basement.
This includes improving financial records and taking swift action on a number of longstanding maintenance issues, including a lift that has been out of order for several months following a leak from the block’s water tank.
Brett Williams, managing director at Principle, said: “We were pleased to be appointed to take over the management of Altitude and did so at short notice.
“This is a fine building that was only built in 2006, but it needs to be taken under control and a full review of the finances is underway.
“As part of our handover review, we have already found that the building’s insurance wasn’t being dealt with in accordance with the lease and so we have rectified this with the freeholder.
“We have also arranged for a lift report and are dealing with the insurance company now to get this processed.”
Mr Williams added: “Whilst we are a firm of managing agents that operates nationally, we love the Jewellery Quarter of Birmingham which is where our office is based and it’s great to have another property on our doorstep in the JQ.”
Margaret Cattell, a director at the Altitude Property Management Company, which appointed Principle, said: “We have experienced various problems and wanted a local and professional firm who could tackle a number of issues at once.
We are especially pleased with Principle’s progress and can see clear signs of improvement already”
Ian Smallman who joined Principle recently added: “In addition to these other matters, we have arranged for a deep clean of the building to include carpets, which the residents were worried would need complete replacement and also a thorough clean of the walls which it was thought would need redecoration. We proactively review all matters to ensure we do not waste residents’ funds.
“Security of the development was a concern to residents. Principle Estate Management have implemented immediate improvements and scheduled further enhancements to the development.”
Principle Estate Management was launched earlier this year by Mr Williams, the former head of residential property management at CPBigwood in Birmingham and an experienced chartered surveyors.
The company is based at Cornwall House in Lionel Street, Birmingham, and offers a national property management service.