Mainstay Residential has announced a fresh appointment in the north west – expanding its presence into Manchester’s evolving Piccadilly neighbourhood. Mainstay will provide services to the area’s Paradise Wharf development, a trio of schemes – Junction Works, Whittles Croft and Jutland House – perched along the Ashton Canal and close
FirstPort, the UK’s largest residential property manager, has today announced a transaction which will see it combining with leading property and asset manager, Mainstay Group. For FirstPort and Mainstay customers, clients, employees, management, and supply partners day-to-day operations will remain unchanged. Completion of the transaction only remains subject to approval
Mainstay Residential has announced a fresh appointment in the north west – expanding its presence into Manchester’s evolving Piccadilly neighbourhood. Mainstay will provide services to the area’s Paradise Wharf development, a trio of schemes – Junction Works, Whittles Croft and Jutland House – perched along the Ashton Canal and close to the renowned Ducie Street Warehouse. The development will be managed under the company’s Integrated Property Management (IPM) portfolio – its holistic solution for higher-end properties with care delivered by an award-winning team. Mainstay’s Associate Director for the North West, Kate Magill, said: “The team is over the moon to have been appointed to manage Paradise Wharf. “On a personal level, I am particularly excited as I’m proud to call Manchester my hometown and have spent most of my working life managing properties in the area. Paradise Wharf has gained a reputation as one of the city’s gems and I intend to treat it as such.” The nearby Ancoats district, recently named as one of the world’s ‘coolest’ neighbourhoods to live in by both TimeOut and The Times, has led to a surge in demand for residential properties in the area. The 114-unit Paradise Wharf development is located close to both Piccadilly Station and the wider city centre – making it a prime choice for both commuters and residents. Mainstay was selected by Paradise Wharf Management Company (PWMCL) following a competitive tender process. The company will officially take post from 1 October. Paradise Wharf Management Company said: “We are really excited to have appointed Mainstay to manage Paradise Wharf. We were really impressed with the approach of Kate and her team. They bring some fantastic experience and have some great ideas to improve the development. We feel that Paradise Wharf is safe in Mainstay’s hands.” Mainstay Residential has experienced exponential growth across the north west, having been retained on Urban Splash’s Castlefield masterplan – including Burton Place, Moho, Timber Wharf and more – for a number of years. The company also recently announced appointments on McGoff’s Downtown scheme in Salford and Royal Quay in Liverpool. Its appointment on Paradise Wharf cements its status as one of the region’s largest and most active property management companies.
FirstPort, the UK’s largest residential property manager, has today announced a transaction which will see it combining with leading property and asset manager, Mainstay Group. For FirstPort and Mainstay customers, clients, employees, management, and supply partners day-to-day operations will remain unchanged. Completion of the transaction only remains subject to approval by the Financial Conduct Authority. Last year FirstPort welcomed Equistone Partners Europe as its new majority investors to support its continued growth, investment in a comprehensive digital transformation programme and make further enhancements to its customer service offering. To date, FirstPort has completed two previous transactions, strengthening its team and service offerings with the acquisitions of Barratt London’s property management company, BRAM, in 2019 and Linden Homes’ property management provider, Pentland Estate Management, in 2017. For Mainstay Group, 2019 was a significant year with the business achieving record growth, winning appointments on a number of high-profile developments and securing a national, multi-million-pound portfolio. Nigel Howell, CEO of FirstPort, commented: “We are delighted to be joining forces with Mainstay to deliver the very best property and asset management services for our customers and clients. Mainstay’s achievements and track record are impressive, and we are proud to be welcoming them into the FirstPort group. This is a great milestone for both businesses, which will see us learning from each other and working together to continue to drive the highest industry standards and realise new market opportunities.” Luke Sanders, Group Managing Director of Mainstay, commented: “This is an exciting opportunity for the Mainstay Group to continue to deliver a market-leading service, while benefitting from the skills, expertise and efficiencies available by being part of a larger group. I am very much looking forward to working with FirstPort, as the right partner for our next phase of growth and to help build on Mainstay’s achievements and successes to date.” About FirstPort FirstPort is the UK’s leading full-service residential property manager, caring for more than 196,000 homes in England, Wales and Scotland across 3,900 developments. With over four decades of experience and 3,200 employees, FirstPort works with developers, investors, freeholders and over 300 Resident Management Companies. FirstPort is a member of the Association of Residential Managing Agents (ARMA), the Association of Retirement Housing Managers (ARHM), and Property Managers Association Scotland (PMAS). It holds a Five Star Rating from the British Safety Council, has been awarded the British Safety Council’s prestigious Sword of Honour, is an accredited Safe Agent and belongs to The Property Ombudsman. FirstPort holds a Silver Investors in People accreditation and has been named as one of the UK’s Top Employers by the Top Employers’ Institute for the last two consecutive years. www.firstport.co.uk About Mainstay Mainstay Group is an independent residential property and asset management company providing leading services to over 80,000 homes and award-winning commercial facilities management across the UK. Established in 2000, Mainstay works with many of the top 20 homebuilders, institutional investment funds, landed estates, resident management companies and private investors to maximise value and drive better returns by pioneering a community and people centric, empowered approach to service and innovation. Mainstay is accredited to ISO9001 and OHSAS18001, is a member of the Association of Residential Managing Agents (ARMA) and is a proud Investor in People. www.mainstaygroup.co.uk
