Residential : Block & Estate Management News
Wildheart Residential Management Welcomes New Property Director

Wildheart Residential Management Welcomes New Property Director

Boutique managing agent, Wildheart Residential Management has appointed Chris March as its new Property Director.  Chris will be instrumental in supporting the management of a portfolio of around 5,000 residential units. A Chartered Surveyor with over 30 years of experience working in the sector, Chris has held a number of

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Principle Estate Management Secures Prestigious Contract for Birmingham's Landmark Residential Towers

Principle Estate Management Secures Prestigious Contract for Birmingham’s Landmark Residential Towers

A prestigious development featuring 15-storey and 45-storey towers, comprising 581 luxurious one and two-bedroom apartments in central Birmingham, will be managed by Principle Estate Management. Principle Estate Management secured the contract for the development, named Brindley Drive (Edition), following a competitive tender process conducted by specialist developer Court Collaboration. The

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Lovell chosen to redevelop Elm Grove estate

Lovell chosen to redevelop Elm Grove estate

Sutton Council has appointed Lovell as the preferred bidder to rebuild Elm Grove estate in the town centre. Lovell has been selected to redevelop the existing homes – between Sutton High Street and Throwley Way – at a meeting of the Housing, Economy & Business Committee in July 2024. The

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Cushman & Wakefield strives for compliances empowerment

Cushman & Wakefield strives for compliances empowerment

Cushman & Wakefield has partnered with Property Inspect to manage compliance across its largest real estate assets. The partnership with its Asset Management Team in Ireland is enhancing compliance management across its major real estate assets, bringing cost savings and operational efficiencies to its asset management strategy. Property Inspect, the leading

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Landlords beware: 10 costliest home repairs that can seriously break the bank

Landlords beware: 10 costliest home repairs that can seriously break the bank

Landlords carry out repair or maintenance work on buy-to-let properties an astonishing 72 times throughout their ownership, with costs exceeding £34,000 – that’s according to recent research. Whether it’s a minor mishap or major catastrophe, property damage can impose substantial financial burdens and headaches. But which types of property damage are the biggest

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Faraday Launches Dedicated Customer Portal App, Faraday Connect

Faraday Launches Dedicated Customer Portal App, Faraday Connect

Celebrating the release of their new customer portal app, Faraday Connect, leading property management and surveying agents Faraday are proud to continually evolve and improve their customers’ experience. As the first of many developments and with over 4,000 app downloads, the launch of the Faraday Connect app marks a milestone

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Savills UK Acquires Montagu Evans Property Management Business

Savills UK Acquires Montagu Evans Property Management Business

Last week, Savills announced that it has acquired the UK property management business of Montagu Evans, which will be integrated into Savills’ operations. This move provides Savills with an opportunity to enhance its already robust UK property management business by further broadening its client base, particularly in the public sector.

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Latest Issue
Issue 324 : Jan 2025

Residential : Block & Estate Management News

Trailblazing community land trust affordable housing scheme set in stone on Portland

Trailblazing community land trust affordable housing scheme set in stone on Portland

A landmark agreement has been signed for the first ever affordable housing development of its kind on Portland. Dorchester-based Koori Limited, part of the Redtale Group of companies, has joined forces with Portland Community Land Trust (CLT) and East Boro Housing Trust (EBHT), part of the Aster Group, for this trailblazing scheme. Nine affordable homes will be built for local people as part of the regeneration of Portland’s former Southwell Primary School site off Sweet Hill Lane. The CLT properties will be available to rent at below market rates to local people with a connection to Portland, giving tenants a chance to live in their community with peace of mind over security of tenure and affordability. The properties will not be available as second homes or as holiday lets. Koori has provided land and is building the development for the CLT scheme – the first on Portland – as part of its circa £15m May Bower Gardens scheme. The first phase of May Bower Gardens is on course for completion in the autumn of this year. CLTs, which are a form of community-led housing, are set up and run by people within their local communities to develop and manage homes as well as other assets. The CLTs act as long-term stewards of the properties, ensuring the homes remain genuinely affordable, not just for now but for every future occupier. Representatives from Koori, EBHT and Portland CLT have now signed a contract for the site. The first residents are expected to move in before Christmas of this year. The homes, a mixture of one, two and three-bedroom properties, will be built by Koori and managed by housing association EBHT on behalf of the CLT, which will own the freehold. Portland CLT board is greatly encouraged to see this project moving forward. They said: “We are aware that demand continues to increase for good-quality, affordable housing on Portland. “The aim is for May Bower Gardens to be the first of a number of CLT projects on the island. We’re very grateful for the support of all partners in the project.” There are currently 500 applicants being processed on the housing register who have a Portland connection or who have expressed Portland as their preferred option. Malcolm Curtis, Chief Executive the Redtale Group, said: “As a local business with its heart in the community, we’re pleased to support this pioneering project to create the first CLT on Portland. “The homes will match the high-quality and environmental sustainability of Koori’s traditionally built properties and where possible we use the best local materials, including Portland Stone quarried on the island, and tried and tested energy-efficient solutions as well as a local workforce. “Putting pen to paper with the Portland CLT is a significant milestone on our journey to deliver these desirable affordable homes for local people and marks another major step forward in the regeneration of this important site in a stunning location on the Jurassic Coast.” Kevin Hodder, Director of Partnership and Engagement at Aster Group who also oversees EBHT’s development programme, said: “EBHT specialises in developing small groups of affordable homes in villages within Dorset for the benefit of local communities. “CLTs are a brilliant way to deliver affordable housing which local communities both want and need. “We’re looking forward to working with Portland CLT and Koori to deliver these properties which will provide long-term security to those who eventually get to call them home. “With energy-efficient design and technologies, customers living in these homes will also benefit from lower energy bills. Coupled alongside the affordable rent, it should help keep overall costs down.” Councillor Gill Taylor, who is Dorset Council Cabinet Member for Health and Housing, said: “The site has been transformed from redundant school buildings on the old primary school site to provide nine affordable rented homes for local residents. “Dorset Council supported this work by providing a Community Housing grant and we worked collaboratively from start to finish with our partners including Middlemarch Community Led Housing, who have supported Portland CLT and EBHT. “This development demonstrates our commitment to community land trusts in Dorset and we hope it will encourage more community led housing to provide the affordable homes we need for local people.” May Bower Gardens will comprise 48 homes in total. The first phase of 14 properties – a mix of two, three and four-bedroom houses – on the 1.3 hectare site is due for completion autumn 2024.  There are about 25 people working directly on the site, all local trades people including apprentices. The workforce also includes three specialist stone layers, all from Portland, who walk to work carrying on a generational tradition of stone laying on island. Stone used in the development is cut from Albion Stone’s Bowers Quarry, just up the road from May Bower Gardens. The development is due for final completion in 2027. The CLT homes form part of Koori’s affordable housing contribution for the site. The properties are being built using air-tight and thermally efficient construction methods along with low zero carbon (LZC) technologies.  They include electric vehicle charging throughout and air source heat pumps. Portland CLT is a community benefit organisation run by an elected board of members from the community to meet the housing needs of local people.  It is among several CLTs in Dorset, which work closely with the Dorset Council housing department to progress sites across the county. Koori Limited, as part of the Redtale group of companies, has a long track record of delivering high quality, well-designed and customer-focused developments. Koori’s recent property developments include The Grove, the multi award-winning Lorton Park and Monterey Place, all situated in Weymouth, Dorset. The nine-strong company aims to make a difference in everything it does. Its objective is to ‘do better: better planning, better by design, better build and better customer service’. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Wildheart Residential Management Welcomes New Property Director

Wildheart Residential Management Welcomes New Property Director

Boutique managing agent, Wildheart Residential Management has appointed Chris March as its new Property Director.  Chris will be instrumental in supporting the management of a portfolio of around 5,000 residential units. A Chartered Surveyor with over 30 years of experience working in the sector, Chris has held a number of senior positions at a variety of well-known managing agents. With experience across both the leasehold and PRS sectors, he has been responsible for the management of substantial national residential portfolios, including some of the tallest residential towers in the UK. Most recently Chris worked at a residential investment business where he was a client of Wildheart, which will allow him to bring a unique perspective to this new role. Chris is also a Fellow of The Property Institute and acts as an appointed manager for the First-Tier Property Tribunal. Chris comments: “With the unique experience I have from having worked with Wildheart for many years as a client, I am aware of the strengths of the business and the dedication of the team. My new role as Property Director presents me with an exciting opportunity to play a role in the development of the business. In a sector where success can be mistakenly equated with the number of units under management, it is refreshing to be working with a family-owned business that prides itself on blending its national coverage with its ability to provide a personalised service that appreciates individual client needs.” Simon Halls, Managing Director at Wildheart said: “Having known Chris for several years, I was keen to work with him when I learnt that he was looking for a new challenge. Underlining our commitment to continuously enhancing our services, Chris’ knowledge and experience of the leasehold sector will enable us to further develop the services we can offer to both Resident Management Companies and Freeholders.” For further information about Wildheart please visit: https://www.wildheart.co.uk/ Building, Design & Construction Magazine | The Choice of Industry Professionals

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Principle Estate Management Secures Prestigious Contract for Birmingham's Landmark Residential Towers

Principle Estate Management Secures Prestigious Contract for Birmingham’s Landmark Residential Towers

A prestigious development featuring 15-storey and 45-storey towers, comprising 581 luxurious one and two-bedroom apartments in central Birmingham, will be managed by Principle Estate Management. Principle Estate Management secured the contract for the development, named Brindley Drive (Edition), following a competitive tender process conducted by specialist developer Court Collaboration. The two towers, Park Residence and Centenary Tower, will offer 24/7 concierge and security services, ensuring the highest standards of residential care. Residents of these towers will have access to an array of premium amenities, including a 20-metre swimming pool bathed in natural light, a spa equipped with a hydra pool, sauna, and steam room, and a skyline gym with a terrace on the 44th floor. Additional facilities include yoga and spin studios, a climbing wall, a podium terrace with a cinema screen and barbecue area, both indoor and outdoor co-working spaces, private dining on the 44th floor, and a sky lounge on the 45th floor. Joe Jobson, Joint Managing Director at Principle Estate Management, expressed his excitement about the contract win, stating: “We are delighted to have been chosen to manage the Brindley Drive (Edition) development, which represents one of our largest single property management contracts to date. Our success in securing this contract is a testament to our proven ability to manage large-scale developments nationwide and our established relationships with key clients in the region, including our work across The Calthorpe Estate. Our advanced MRI Qube-powered IT systems will ensure seamless operations across finance, maintenance, asset management, compliance, and resident engagement.” Jobson also noted that Principle will collaborate closely with Court Collaboration during the design and construction phases to ensure that high standards of professional service are maintained, benefiting all future residents. Thomas Taylor, Managing Director of Court Collaboration, commented: “The Brindley Drive (Edition) will set a new standard for city living in Birmingham, combining the luxury of a five-star hotel with the comfort of home. With over 14,000 sq ft of amenity space and 581 apartments, it was essential to appoint a property management company with the expertise to handle such a significant development. Principle impressed us during the tender process, demonstrating their ability to meticulously plan and execute the estate management, ensuring everything is in place for when residents move in. We are confident that Principle’s careful planning will help us deliver a development that will transform city living in Birmingham.” The Brindley Drive (Edition) project is being financed by PGIM Real Estate, the real estate arm of PGIM Inc., one of the world’s largest investment firms. Since its launch in 2018, Principle Estate Management has grown to employ 70 staff members who manage a portfolio of nearly 20,000 units across approximately 400 developments throughout the UK. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Stay ahead of the competition by attending one of Propertymark’s upcoming regional conferences

Stay ahead of the competition by attending one of Propertymark’s upcoming regional conferences

Find out more about the latest legislative changes that will impact the housing market as well as the latest thinking on best practices for the property industry by attending one of Propertymark’s upcoming regional conferences.   As part of the professional body’s #MOREFOR24 campaign, Propertymark members can attend one of these conferences for free as they continue to offer this member benefit to help the very best agents throughout the country.   Propertymark’s Bristol Regional Conference taking place at the Bristol Hotel on 12 September has a fantastic selection of speakers including Insights Practitioner Tracey Thompson, and James Munro, the head of the National Trading Standards Estate and Letting Agency Team, who will specify the most recent material information guidance to assist you with meeting your legal obligations.   Additionally, the founder of Landlord Action and TV star Paul Shamplina will discuss previous letting agent failures, and Alex Jeffrey, Partner at Bright Solicitors, will talk about the possible challenges ahead, as well as the opportunities letting agents have for the rest of the year.   James Munro and Alex Jeffrey will also feature as guest speakers at Propertymark’s Regional Conference at the Old Trafford on 17 September.   Other keynote speakers include Lucy Noonan, founder of specialist acquisition management services Atomic Consultancy, and Timothy Douglas, Propertymark’s Head of Policy and Campaigns.   There will also be updates from ARLA Propertymark President Angharad Trueman, NAEA Propertymark President Toby Leek, and NAVA Propertymark Advisory Panel Member Stuart Collar-Brown.   Attendees will also get the opportunity to network with leading industry suppliers.   Jason Lee, Head of Commercial at Propertymark, said:   “Propertymark’s regional conferences are back with a bang and continue to grow. We have an amazing line up of guest speakers for all attending these events to help enrich their knowledge about the latest happenings across our industry. Non members are also welcome to attend and book their tickets. “We encourage members to use this membership benefit and book your free ticket to attend a conference near them and network with likeminded professionals.”  To locate a Regional Conference near you, view its full programme and secure your place, visit: https://www.propertymark.co.uk/careers-learning/conferences/west-country-regional-conference.html. Attending one of these events also contributes towards a member’s Continuing Professional Development requirement. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Lovell chosen to redevelop Elm Grove estate

Lovell chosen to redevelop Elm Grove estate

Sutton Council has appointed Lovell as the preferred bidder to rebuild Elm Grove estate in the town centre. Lovell has been selected to redevelop the existing homes – between Sutton High Street and Throwley Way – at a meeting of the Housing, Economy & Business Committee in July 2024. The new homes will meet high sustainability standards meaning more comfort, energy efficiency, and lower heating bills for residents. The Elm Grove scheme will be located next to another key council project at Northern Gateway, opposite Asda, which will provide new high-street premises in the historic White Building for Sutton College, the borough’s adult education centre. Both projects are key parts of the Council’s plans to transform the town centre. In the past few months, several key projects have started coming to life: the co-working and wellbeing space at Oru Sutton in the old BHS building opened to the public; works have started at the Northern Gateway and 137-145 High Street sites; and the new Throwley Yard cinema launched this summer in the former Chicago’s nightclub. 79% of residents voted in favour of the plans to redevelop Elm Grove in March 2022 and works are scheduled to start in May 2025. All existing eligible residents choosing to stay on the estate will be offered a new home. Councillor Jake Short, Chair of Sutton’s Housing, Economy and Business Committee, said: “This is a really exciting step forward in the Council’s plans to build new quality and affordable homes for our residents in the heart of Sutton town centre, and tackle the Housing Crisis. “Our new council homes across the borough have already been recognised for their high design and environmental standards. The selection of an experienced development partner means our goal to deliver incredible homes and open spaces for Elm Grove residents can now move to the next stage.. “We have been driven by what Elm Grove residents want their future homes to look like and now this vision is set to become a reality with construction works currently scheduled to start early Summer 2025.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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Specialist management firm Parkfords Management awarded contract to manage the prestigious Century Tower development in Chelmsford

Specialist management firm Parkfords Management awarded contract to manage the prestigious Century Tower development in Chelmsford

After a competitive tender process, Parkfords Management has been appointed to manage Century Tower in Chelmsford on behalf of the newly formed Right to Manage company. Michael Lawton, Director of Parkfords, explained, “This is a significant win for our Essex office. Over the last 18 months, we have made rapid strides, consistently securing new contracts and setting new benchmarks for customer service and client interaction. By focusing on transparent communication, prompt issue resolution, and personalised service offerings, we bring a fresh perspective to client relationships, ensuring our clients feel valued and heard. This dedication to quality and client satisfaction has been instrumental in our swift growth and success. We’re excited to bring our expertise to this fantastic building and look forward to making a positive impact and setting a new benchmark for quality’’. About Century Tower Century Tower is a nine-storey residential building completed in 2015 on land once owned by the neighbouring Essex County Cricket Club. Initially part of a larger development that was later scaled down, this modern apartment block is set in the heart of Chelmsford City Centre, overlooking Central Park and the River Can. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Cushman & Wakefield strives for compliances empowerment

Cushman & Wakefield strives for compliances empowerment

Cushman & Wakefield has partnered with Property Inspect to manage compliance across its largest real estate assets. The partnership with its Asset Management Team in Ireland is enhancing compliance management across its major real estate assets, bringing cost savings and operational efficiencies to its asset management strategy. Property Inspect, the leading provider of building compliance and real estate solutions, is thrilled to announce its partnership with the esteemed global commercial real estate services firm Cushman & Wakefield. Working with its Asset Management Team in Ireland, this partnership signifies a pivotal advancement in its property inspection processes. It empowers the Cushman & Wakefield Asset Management Team to bring their facility services in-house, saving the need for expensive external resources. Recognising the manual, costly and resource-heavy nature of its inspection efforts to date, Cushman & Wakefield approached Property Inspect for a streamlined and efficient way to simplify its inspection workflows, with an aim to bolster compliance and expand the capabilities of its internal team. With an annual inspection mandate covering 8000 assets and diverse requirements ranging from Fire Risk to Health & Safety and meridian compliance, it sought a partner capable of delivering an easy-to-use and easy to integrate inspection system that can offer actionable insights to multiple teams and stakeholders. “After meticulous evaluation, we chose Property Inspect for its unparalleled service quality, adaptability, and seamless integration capabilities,” remarked Hazel O’ Carroll, Associate Director, Asset Services at Cushman & Wakefield. “Their commitment to excellence and tailored approach aligned perfectly with our vision for streamlined operations.” Property Inspect responded swiftly to Cushman & Wakefield’s needs, addressing key priorities such as base scoring methodologies and implementing a grading scoring system for Meridian compliance risk management. The partnership has yielded significant outcomes, including enhanced data collection, user-friendliness, and scalability, culminating in a roll-out to one of its largest assets, Dublin Airport Central. As a result, Property Inspect enhanced Cushman & Wakefield’s operations by reducing inspection times from 6 to 2 hours, resulting in significant annual cost savings. “We are excited to embark on this collaboration with Cushman & Wakefield, helping them dramatically reshape its property management processes,” comments Steve Rad, CEO at Property Inspect. “Through the implementation of Property Inspect, its teams have not only seen immediate enhancements in compliance rates, operational efficiency, and risk mitigation efforts, but have also experienced a significant transformation in the way they manage their properties, saving them time and the need for costly external resources.” The success of this partnership highlights the power of innovation and collaboration in revolutionising property management. As Cushman & Wakefield continues to expand its use of Property Inspect across its complex and comprehensive portfolio, the future prospects for enhanced efficiency and scalability remain promising for the leading commercial real estate services firm. For more information about Property Inspect, visit www.propertyinspect.com Building, Design & Construction Magazine | The Choice of Industry Professionals

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Landlords beware: 10 costliest home repairs that can seriously break the bank

Landlords beware: 10 costliest home repairs that can seriously break the bank

Landlords carry out repair or maintenance work on buy-to-let properties an astonishing 72 times throughout their ownership, with costs exceeding £34,000 – that’s according to recent research. Whether it’s a minor mishap or major catastrophe, property damage can impose substantial financial burdens and headaches. But which types of property damage are the biggest nightmare for landlords? Keen to find out, the buy-to-let insurance provider Alan Boswell Group delved into common home damages and their estimated repair costs alongside Dave Sayce at Compare My Move, to reveal the most expensive fixes that can cost landlords a fortune. Key findings: Home woes: 10 costliest property damages for landlords Rank Property damage Estimated costs to repair 1 Underpinning  £5,000 – £25,000 2 Roof repairs £3,000 – £10,500 3 Electrical rewiring  £1,500 – £10,000 4 Rendering £2,000 – £8,500 5 Plumbing and water damage £450 – £5,000 6 Damp £200 – £5,000 7 Flooring repairs £500 – £1,800 8 Painting and plastering £800 – £1,500 9 Mould removal £200 – £1,200 10 Heating and boilers repairs £100 – £500 Potentially costing landlords upwards of £25,000 depending on property size, underpinning stands out as the priciest home repair. This structural intervention becomes necessary when the foundations of a property weaken – often due to persistent subsidence – prompting a complex process that incurs eye-watering expenses. Fortunately, underpinning is only needed in less than 10% of UK properties affected by subsidence.  Heath Alexander-Bew, from Buy-to-let insurance provider Alan Boswell Group, shared:  “Thankfully underpinning is typically only reserved for severe cases of foundation instability, and often considered a last resort. Seek professional advice to determine the best solution for your property’s needs, cost-effective alternatives like soil stabilisation and resin injection are available at a fraction of the cost.” Roof repairs are the second most expensive task to undertake, potentially costing landlords up to £10,500 for a complete replacement. Typically, roofs require a full repair every 25 years, although this timeline can fluctuate based on factors such as weather conditions, property age, and roofing material. Rubber roof and tiles are generally cheaper compared to slate or fibreglass. However, if you’re dealing with just a handful of cracked or missing tiles needing replacement, the average cost hovers around £200.  “Look for common signs such as missing or cracked tiles, water stains on ceilings, and damp patches in the attic. Regularly inspect your roof, especially after severe weather – identifying damage early can save landlords significant costs.” The third most expensive fix for landlords is electrical rewiring, which can zap up to a whopping £10,000 for a full property rewiring. Around 7,000 house fires in the UK are caused by electrical faults annually. To prevent loose wiring and ageing electrical installations from sparking unwanted fires, watch for signs of wear-and-tear like flickering lights, buzzing sounds from sockets, and regular fuse box tripping. “Electrical safety checks, which average around £215, should be conducted more frequently to ensure your property meets current regulatory requirements. Additionally, monitor whether your home has surpassed the 25-year mark since its last complete rewiring. Updating older systems not only enhances safety but also helps prevent more extensive repairs in the future.” Rendering comes fourth on the list, with estimated repair costs soaring up to £8,500. However, applying a fresh coat of render will not only protect your exterior from penetrating damp and prolongs lifespan, but also boosts your property value, potentially increasing your asking price sizably. Rounding off the top five most expensive property damages is plumbing and water damage, with landlordspotentially losing up to £5,000 in severe cases like water damage restoration costs post-flooding. Almost 7,000 UK homes and businesses have been flooded in the past 18 months – the wettest period on record – underscoring the widespread impact of water-related issues exacerbated by the UK’s notorious weather.  Building, Design & Construction Magazine | The Choice of Industry Professionals

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Faraday Launches Dedicated Customer Portal App, Faraday Connect

Faraday Launches Dedicated Customer Portal App, Faraday Connect

Celebrating the release of their new customer portal app, Faraday Connect, leading property management and surveying agents Faraday are proud to continually evolve and improve their customers’ experience. As the first of many developments and with over 4,000 app downloads, the launch of the Faraday Connect app marks a milestone for Faraday in transforming the way leaseholders and property owners engage and communicate with their property managers and surveyors. With enhanced access to the portal anytime and anywhere, Faraday understands the significance of convenience for their customers. By extending the portal’s availability with a user-friendly app, users can now access Faraday Connect from any mobile device. Following their recent launch, Faraday are already planning to introduce new features to ensure the platform continues to enhance their communications. Aimed at empowering users, Faraday Connect enables customers to conduct real-time financial monitoring, effortlessly engage with their community, and instantly raise and track requests, all at the touch of a few buttons. Faraday’s Managing Director, Russell O’Connor, added: “In today’s digital world, it is increasingly important that information is easily accessible. With the development of Faraday Connect, we prioritise our customers’ ability to instantly connect with their property managers and retrieve important documents such as key building and leasehold documents. As ethical and transparent agents, we pride ourselves on making it easy for customers to find important information, which is why our portal acts as an easy-to-use hub for service charge details, fostering open lines of communication and tracking their request progress.” Director’s Area By extension, Faraday Connect grants Directors improved access to information through a secure and dedicated area. This exclusive Directors area also offers easier ways to communicate with their property management teams transparently and efficiently, further enhancing the platform’s functionality. Faraday’s dedicated team brings years of specialised experience in building surveying and property management. Whether you have a historic or new build, using the latest technology, Faraday is equipped to support your property’s unique needs and enhance your property management experience. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Savills UK Acquires Montagu Evans Property Management Business

Savills UK Acquires Montagu Evans Property Management Business

Last week, Savills announced that it has acquired the UK property management business of Montagu Evans, which will be integrated into Savills’ operations. This move provides Savills with an opportunity to enhance its already robust UK property management business by further broadening its client base, particularly in the public sector. It will also strengthen its accounts team and create greater opportunities to leverage sector-specific knowledge and expertise throughout its UK divisions and regions. Led by Andrew Walker, the property management team at Montagu Evans consists of nearly 100 staff, with 20 based in its London office, 18 in Edinburgh, and a further 59 site-based staff who will all transfer to Savills immediately. Those based in London and Scotland will join Savills’ respective offices in these locations. Montagu Evans’ property management team has an established client base, including Redical Holdings, Rivington Hark, AEW, and several local authorities. They currently manage a shopping centre portfolio of approximately 5 million sq ft across 20 centres, with the majority being public sector mandates. This will both complement and enhance Savills’ market-leading position in relation to shopping centre instructions, which encompass 49 million sq ft across the UK, with a predominantly private client base. Nick Herward, head of property management at Savills, says: “By acquiring Montagu Evans’ UK property management business, we have a valuable opportunity to expand and augment our already market-leading property management offering in the UK. We have identified strong synergies with our existing instructions and clients, which will help us to enhance our service further. The team at Montagu Evans has a wealth of experience across the industry with very well-regarded personnel that will provide additional depth to our team.” Andrew Walker, head of property management at Montagu Evans, comments: “This is an exciting opportunity for the team, and we look forward to working with Savills, whom we regard as market leaders in property management. This move not only supports our growth and expansion but also enables us to maintain a first-class service for clients while providing a strong platform for future growth and offering new opportunities for our people to develop their careers.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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