Another prime London site says goodbye to Peverel, a year after winning right to manage and allowing the property manager to show what it could achieve.
That is: showing what it could achieve working for consumers, as opposed to getting business straight from the developers, or working for its former owner and giant freeholder Vincent Tchenguiz.
Palgrave Gardens, a site of 288 units near Regents Park, has decided to jettison the property manager after keeping it on for a year after winning right to manage.
A similar arrangement existed at the massive 422-unit Metro Central Heights, south of the river at Elephant and Castle. But there, too, Peverel has been shown the door.
When the RTM took over Palgrave Gardens there was excited talk that the company had changed its attitude markedly.
But the goodwill has fizzled out. It is now to be run by Premier Estates, whose MD is Ben Jordan, the current chairman of ARMA.
Metro Central Heights is being run by Kinleigh Folkard & Hayward.
LKP is unaware of any self-managing, prime London site that has retained Peverel.
Palgrave Gardens certainly qualifies as that. The site is moments from Regents Park, and the complex offers access to a large swimming pool, a gym, a sauna and comunal gardens. Each apartment comes with a private parking space.
It is located five minutes away from Baker Street and Marylebone station.