Principle Estate Management wins new brief to look after Calthorpe Estate

Principle Estate Management has won the contract to look after more than 4,000 homes on the Calthorpe Estate in Birmingham.

The brief will increase Principle’s portfolio by more than 30 per cent to over 16,000 units and see the company take on three staff who worked for the previous managing agent.

Birmingham-based Principle has formed a self-contained unit headed by one of its existing associate directors within the business to manage the contract.

Family owned since 1717, the Calthorpe Estate covers 1,600 acres stretching across Edgbaston and into Harborne and Quinton.

The new contract includes the management of 1,063 long leasehold homes, 103 rented homes and more than 3,000 properties falling under Calthorpe Estates ‘ scheme of management contracts.

Brett Williams, joint managing director at Principle, said: “We are thrilled to have won this appointment to manage one of the UK’s most prestigious estates.

“Back in the 18th century, there were large houses on tree-lined roads with horses stabled in coach houses and large landscaped gardens next to fields and orchards.

“It is now one of Birmingham’s most desirable areas to live, with an attractive mix of old and new, with modern houses and apartments often standing next to large Victorian and Georgian properties.”

Joe Jobson, joint managing director at Principle, said: “One of Principle’s main jobs will be overseeing and, when necessary, enforcing the Scheme of Management, established by an Act of Parliament for the wider benefit of all residents.

“It ensures residents abide by everything from not putting washing out on Sundays to making sure their homes are properly maintained and decorated.

“There are carefully planned restrictions on issues like management of trees and building maintenance, plus any alterations must be submitted for approval, which helps maintain Calthorpe Estate as a special place to live.”

Haydn Cooper, chief executive of Calthorpe Estates, said: “We had a competitive and stringent tendering process to find the right residential property manager.

“We were impressed with the approach Principle demonstrated, which aligns well with our company ethos, and we are looking forward to partnering with them to deliver excellence in this area.”

BusinessLive – West Midlands | News