Peverel has taken a hammering in central London this year and lost the management of a number of key sites.
And its former owner, the Tchenguiz Family Trust is going along with the decision to replace the giant management company.
The Berkeley Group – often at the behest of residents – has been pressing the changes, sensitive to quell murmurings of discontent at its prime riverside sites.
Rendall and Rittner is the managing agent that is getting the lion’s share of the new business.
Sites that are giving Peverel its marching orders on or around January 1 are:
Riverside West (531 units)
Imperial Wharf (1399 units)
Here St George (the Berkeley group) and Estates and Management (Tchenguiz) have appointed Rendall and Rittner.
Royal Quarter (446 units) has gone for Kingleigh Folkard & Hayward (KFH), where the freeholder is Freehold Managers.
Battersea Reach (700 units) also went to Rendall and Rittner, appointed by St George and Fairhold Athena (also Tchenguiz).
Altogether that’s 2,376 units.
A Peverel Group spokesperson said: “As the largest property manager in the UK, London has always been and remains an important market for us.
“Peverel Group manages 3,700 developments across the country – 395 in central London and 850 across Greater London.”