Estate management company scoops third Jewellery Quarter contract

A businessman and property investor has appointed Principle Estate Management to look after his stock, including a block of apartments in Birmingham’s Jewellery Quarter.

The deal is the third major contract in the city suburb that Principle has won in the last two months.

The Square on the Square on Caroline Street, just off St Paul’s Square, was built in 2005 and contains 22 leasehold apartments built in 2005.

Principle will collect ground rents, arrange full maintenance and administer service charges to leaseholders at the property. The contract also includes rent collection for a shop on Oak Tree Lane in Selly Oak, Birmingham.

The client is Simon Cuthbertson, a well-known chartered accountant who worked in senior positions at BDO, what was once Coopers & Lybrand and then PwC.

Brett Williams, managing director of Principle, said: “It’s a great feeling when a client instructs us to manage properties for them.

“The Square on the Square is a lovely development but needs care and attention to bring it back up to standard.

“I know we can do a really good job balancing the myriad of technical requirements of health and safety and landlord and tenant legislation, whist delivering excellent customer service to occupiers.”