Property firm expands national portfolio
Mainstay Group has announced the acquisition of a national property management portfolio, spanning London, Nottingham and Wallasey, in Wirral.
The portfolio, formerly managed by Keith Perry Chartered Surveyors, officially transitioned to Mainstay on July 1, 2019, and will continue to be overseen jointly by Mainstay and Keith for the next 12 months.
It comprises substantial apartment blocks in Stoke Newington, Bloomsbury, and Bethnal Green, London, together with three smaller schemes in Nottingham, and the iconic Portland Court block, on the Wirral.
Charles Lucas, technical director at Worcester-based Mainstay, said: “I’m very pleased to share the news of Mainstay’s latest acquisition, which forms a key part of our accelerated growth plans.
“We felt it was important that Keith assists us with the onboarding process; he’ll be able to bring his wealth of experience and invaluable technical expertise, ensuring a smooth transition as we begin to welcome our new clients, and customers to Mainstay.”
He addede: “Mainstay is perfectly placed to handle the management of this national portfolio as our team has a wide geographical spread and expert knowledge with high levels of customer service throughout.
“We’re excited to build on the excellent service Keith has already provided, and bring the Mainstay experience to this new customer base.
“We look forward to continuing and sustaining the company’s growth in line with our 2020 corporate strategy and beyond and ensuring Mainstay properties are embedded into the wider communities they are present in.”
The news comes hot on the heels of Mainstay’s recent appointments on the landmark Hallsville Quarter scheme in Canning Town, and Salford’s luxury Downtown development.
Established in 2000, Mainstay was founded by Glyn Miles, Graham Donaldson and Andrew Tilly and now employs 726 people.
With this latest acquisition, Mainstay will manage in excess of 80,000 homes UK-wide.
The business is headquartered in Worcester, however, operates across the country, with schemes in Manchester, Nottingham, London and more in its portfolio.
This year alone, Mainstay is on track to turn over a record-breaking £25.9m in line with its 2020 corporate strategy.