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Principle Secures Contract for Over 160 Flats

Property management firm Principle Estate Management has won a contract to manage over 160 flats across the Midlands.

The major new contract is yet another from Simarc Property Management LTD, the expanding management arm of the Wallace Group, who now own 106,000 leasehold properties.

Simarc has previously worked with Principle on a variety of projects across the country, including 14 high-value apartments in Liverpool Street.

Brett Williams, Managing Director of Principle, said: “We’re thrilled that Simarc is continuing to instruct us on properties. We enjoy working with them as they like property management to be carried out properly and that’s what we’re all about.”

Following their previous successes, Simarc has now instructed Principle to start managing another four large developments within the coming weeks.

The four developments will include 100 flats at Benbow Quay in Shrewsbury, 39 flats at Union Place and 18 flats at Emo Court, both in Birmingham, and six flats on Persehouse Street in Walsall.

Natalie Chambers, director at Simarc, said: “We’ve been impressed with Principle’s care and attention on the first two waves of contracts we’ve awarded them, and so we had no hesitation on awarding them this third contract.

“We take our role as long term custodians of the buildings we own extremely seriously. We have a responsibility to the leaseholders and residents of those buildings and insist on only using quality managing agents.

“We want to make sure that our agents provide outstanding service to our customers, and Principle has quickly shown us that it can be relied on to deliver that.”

Principle Estate Management is now the UK’s fastest-growing residential estate management business, just a mere 18 months after its launch.

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