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Gloucestershire Business News

New management for The Post House

A major residential development in one of Gloucester's landmark buildings is set to be managed by Birmingham-based Principle Estate Management.

The Post House, part of the Royal Mail's former sorting centre operations, fronts Walls Roundabout and contains 48 apartments in Phase I and a further nine in Phase II.

Principle was instructed to look after the properties in Phase I by Pier Management Ltd, the management arm of RG Capital Partners Ltd, who bought the freehold from development partners County to County Property Group and Elevate Property Group.

An issue quickly became apparent in that Phase II, a joint venture between County to County and Cape Homes, is an extension to the original building and was under separate management.

After quick problem solving and communications, all parties agreed that Principle would also take over the management of Phase II.

Adam Jones, business integration manager at Principle, said: "We're getting quite a reputation for taking properties into management as soon as freeholds transfer to investors or residents.

"In the case of The Post House, this was planned. As part of the client's acquisition process, we undertook a site inspection for them using our site survey app, linked directly to our property management software, Qube PM.

"We therefore had some information about the development, which importantly included a good understanding of the general design, layout and what services are provided."

Daniel Harrison, managing director of Pier Group, said: "Principle's management approach has always impressed us and we knew they would be able to handle the complexities of The Post House.

"What's important to us is that we know our instructions really matter to Principle, as they share our high standards for property management."

"We are pleased that Principle are able to help during this interim period of management as the freehold transferred in two stages. It makes sense to have the management all with one agent."

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