Principle’s expansion into Bristol and the south west continues

A new contract to look after a quality development of luxury flats in Bristol has highlighted Principle Estate Management’s expansion into the south west.

The Pier Management Group has appointed Principle to manage the block of flats it has recently purchased at North Road, which is near St Andrews Park.

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.