Principle wins Bristol property management contract from national freeholder

Principle Estate Management is to look after a block of flats in the Bedminster area of Bristol, a property hotspot, for a national freeholder.

The contract to manage the building on North Street is Principle’s first instruction from Pier Management, the Asset Management subsidiary of the national freeholder the Regis Group.

Daniel Harrison, managing director of Pier Management, said they had decided to appointed Principle because they knew the company managed other properties in the Bristol area.

He said: “Regulatory compliance remains a primary focus for the group which made appointing Principle an easy choice as they share this agenda. This is a people business and we know the directors who formed Principle and that they have set themselves up to manage properties to a high standard.”

“We prefer to use RICS Regulated or ARMA Managing Agents. It gives us comfort as a freeholder to know our assets are protected and the residents are looked after from a customer services point of view as well as a compliance aspect.”

Brett Williams, managing director of Principle, explained that the company was already taking care of a large development of over 100 units in the regenerated Portishead district of Bristol, and so it was well placed to take on new business in the area.

He said: “It’s really pleasing for our business which is still in its first 12 months to have been instructed by yet another national freeholder.

“We’re confident of doing a good job on this site for the freeholder and residents alike, and we are hopeful it will be the first of many instructions from Pier Management.”