Mainstay secures another London appointment <BR> as portfolio continues to expand

Mainstay secures another London appointment
as portfolio continues to expand

Mainstay Residential announces its appointment on a high-end residential scheme in central London


The contract win is the property management company’s fourth recent appointment on a significant development in the capital, as it also recently announced instructions on Hallsville Quarter, 76 Jermyn Street and Brick By Brick in partnership with Croydon Council.

The Whitehouse Apartments are situated in the heart of the South Bank, a stone’s throw from Waterloo, the London Eye and an array of central London hotspots.

The building is home to 373 apartments, and also boasts a private swimming pool, gym and communal gardens.

Charles Lucas, technical director at Mainstay, said: “We were excited to be invited to tender for this landmark scheme, which will sit within our integrated property management (IPM) portfolio.

“Our successful appointment on The Whitehouse serves to cement our status further as a property manager which is comfortable meeting the needs of high net worth individuals in upmarket homes.

“Our unique approach – which prioritises exceptional customer service, developing authentic communities, and delivering operational excellence – has a proven track record with developments of this calibre.

“We’re looking forward to getting started.”

Mark Wice, RMC’s chair, said: “As we went through the process of choosing a property management company, Mainstay immediately impressed us with their professionalism and experience.

“All of the Mainstay contacts we have met were knowledgeable about their particular areas, responsive to our questions and thus gave us the confidence to entrust The Whitehouse Apartments into their care. We are looking forward to a long and successful relationship with Mainstay.”

The homes were previously self-managed by resident directors. Mainstay’s offering will include continuation of a 24/7 concierge and a detailed level of service, as is standard for properties within its IPM portfolio.

The Whitehouse Apartments were formerly an office block, converted into apartments in 1987. Mainstay will commence management from February 2020.

The contract has further bolstered a period of staggering success for Mainstay, as the business announced in 2019 a record-breaking £26m turnover; secured appointments on a number of high-profile schemes; acquired a nationally-reaching, multi-million-pound portfolio.

Established in 2000, Mainstay was founded by Glyn Miles, Graham Donaldson and Andrew Tilly – all of whom still play an active role in the company today.

Mainstay Residential manages schemes across the country, including homes in London, Manchester, Nottingham, Merseyside, Worcester and more.

The business now manages in excess of 80,000 homes across the UK, and headcount stands at 726.

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