Principle Estate Management has won the contract to manage a Birmingham property group’s apartment block in the Black Country.
The MIA Property Group owns Sovereign Heights, a 22-unit apartment block in Dudley, built by David Wilson Homes around 12 years ago.
MIA, based in Moseley, has appointed Principle to look after the apartments along with a portfolio of 123 freehold ground rents on five additional sites across the West Midlands.
Brett Williams, the managing director of Principle, sold the freeholds of four of the six sites to MIA some ten years ago when working in a previous role, having first done business with them in the mid-1990s.
Maqbool Ahmed, managing director at MIA, said: “I first dealt with Brett in 1994 when he was at Perry & Deakin and we bought an investment property from him in an auction and retained him to manage the property for us.
“I have worked with Brett ever since and wanted to support him in his new business. What better way than to instruct him to manage some investments which he introduced to us previously?”
Zahir Ahmed, a director at MIA, added: “My father speaks very highly of Brett and it’s great to know that our properties are being looked after by a chartered surveyor who understands the wider issues.
“Brett’s colleagues at Principle have already dealt with a longstanding problem of an erroneous electricity meter at one of the sites which is a relief, as the supplier had been in direct contact with us following a lack of action previously.”
Mr Williams of Principle said: “I’ve enjoyed dealing with Mr Ahmed and his family over the years and it is very rewarding to have them as clients again.
“We’re able to deal with a wide range of related matters, not just the pure property management, and this is reassuring for clients with mixed portfolios. We’ve had a couple of lease extensions to deal with and also a wayleave agreement on this portfolio already.
“I look forward to continuing this long and happy relationship with the MIA Property Group.”
Principle Estate Management was launched earlier this year by Mr Williams, the former head of residential property management at CPBigwood in Birmingham and an experienced chartered surveyor.
The company is based at Cornwall House in Lionel Street, Birmingham, and offers a national property management service.