A major landmark building in Gloucester that has been transformed into luxury homes has come under new management.
Principle Estate Management will take over the responsibility for The Post House - part of the Royal Mail’s former sorting centre operations around two miles east of the city centre.
The building has been converted into 57 properties. Some 48 were built as part of phase one and another nine were constructed in phase two.
Principle was instructed to look after the properties in the first phase by Pier Management - the management arm of RG Capital Partners, who bought the freehold from development partners County to County Property Group and Elevate Property Group.
According to Principle, the second phase, which was a joint venture between County to County and Cape Homes, was under separate management. But the company said “an issue arose” because phase two was an extension of the original building.
“After quick problem solving and communications, all parties agreed that Principle would also take over the management of phase two,” a spokesperson for Principle said.
The original selling agent for the development in 2018 was Hamptons International.
Adam Jones, business integration manager at Principle said: “The outgoing agent has to provide us with a lot of information, but we try to make this easy in these circumstances and initially only ask for essential information, with the remainder following in manageable stages.”
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The Post House is the third former Royal Mail building that Principle has in management.
Daniel Harrison, managing director of Pier Group, added: “Principle’s management approach has always impressed us and we knew they would be able to handle the complexities of The Post House.
“What’s important to us is that we know our instructions really matter to Principle, as they share our high standards for property management.
“We are pleased that Principle are able to help during this interim period of management as the freehold transferred in two stages. It makes sense to have the management all with one agent.”