Principle Estate Management has won the contract to look after a range of apartments in a converted old schoolhouse in Walsall.
The School Lofts development is in The Butts area on Cecil Street, close to the famous Victorian park known as Walsall Arboretum near the town centre.
Principle will set the service charge budget at the 28-unit development, undertake inspections, arrange works and services, and issue final accounts, while the freeholder will continue to collect ground rent, arrange buildings insurance and other administrative matters.
Brett Williams, managing director of Principle, said: “This is a delightful property to be looking after, and we love the fascinating name of ‘The Butts’, which apparently came from old rural times and was what locals called triangular fields that didn’t fit into the ploughing scheme.
“We’re pleased to add a further property to our growing portfolio.
“We’re looking forward to reviewing School Lofts, our second development of a converted school building, and aim to work closely with the residents to make a difference for our newest customers.”
Principle Estate Management was launched a year ago by Mr Williams, the former head of residential property management at CPBigwood in Birmingham
The company is based at Cornwall House in Lionel Street, Birmingham, and offers a national property management service.