Principle Estate Management Expands into Retirement Living Sector

Principle Estate Management has broadened its portfolio by taking on three new retirement developments across London, Oxford, and Worcestershire. These include two Right to Manage (RTM) developments and a corporate client, marking the company’s first ventures into retirement living.

Meeting the Needs of Retirement Communities

Joe Jobson, Joint Managing Director of Principle Estate Management, highlighted the growing demand for their services:
“We’re receiving more enquiries for retirement living schemes, and our expertise combined with a personalised approach makes us well-suited to manage these developments. Ending 2024 with these first instructions is exciting, and we anticipate more in the pipeline for next year.”

The three sites include Westminster Court in Worcester, a 15-apartment development set within landscaped grounds, and London Court in Oxford, a 43-unit scheme with communal gardens and an on-site resident manager.

Praise for Principle’s Approach

Brian Hall, Director at London Court, praised Principle’s professionalism:
“Principle Estate Management came highly recommended by our accountants. Initially, we opted for a short-term contract aligned with our financial year, and the experience was seamless. We now have an annual management agreement and have found their communication and clarity excellent. Their dedication gives us confidence in their ability to prioritise the safety, well-being, and financial security of our residents.”

Comprehensive Property Management Services

Across the three sites, Principle will oversee a range of communal facilities, including gardens, car parking, residents’ lounges, and lifts. Their commitment to service excellence is already evident, with new property manager Alex Jordan receiving a warm welcome from Westminster Court residents during a special event.

Strong Foundations and Ambitious Growth

Since its launch in 2018, Principle Estate Management has grown rapidly, now managing over 20,000 units from offices in Birmingham, London, and the North West. With a team of more than 70 professionals, the company is well-positioned to support the unique needs of retirement communities.

Joe Jobson reflected on the positive feedback:
“It’s been fantastic to see such enthusiasm from our new retirement developments. We’re looking forward to strengthening relationships with directors and residents as we continue to grow in this important sector.”

Principle’s foray into retirement living underscores its versatility and commitment to providing tailored property management solutions across the UK.