Pinnacle Group is set to become Legal & General Affordable Homes’ leading managing agent, more than doubling the number of homes it manages on its behalf.
Over recent weeks, Pinnacle has taken on management services for an additional 900 homes, a mix of affordable rented and shared ownership spread across the Southwest and Midlands.
Now, a further 40 shared ownership homes at a variety of locations across England will be managed by Pinnacle after the company signed another agreement with LGAH.
In total, Pinnacle will now be responsible for managing around 1800 homes for LGAH, with a pipeline of new properties expanding the portfolio to at least 2600 homes over the next few years.
Claire Kober, managing director of homes at Pinnacle Group, said: “Having begun our relationship with LGAH back in 2019, we’re thrilled our reputation for providing market-leading housing services has resulted in us becoming their leading managing agent.”
“With our teams already delivering on the ground for the first tranche of new homes, we now look forward to serving even more communities across the country as the additional homes come under our management.”
Pinnacle’s role will include tenant onboarding and management, building compliance, defect management, maintenance and void management. The company will also work in close collaboration with LGAH in advance of the handover stage, including liaising with relevant local authorities on nominations agreements and the production of welcome packs and home user guides for prospective tenants.
Shaun Holdcroft, operations director at Legal & General Affordable Homes, said: “Pinnacle is a trusted partner of Legal & General Affordable Homes, and we are proud to have formed a robust and long-term relationship over the past five years. We look forward to working with the Pinnacle team as we continue to serve our current and future residents by providing high-quality, affordable housing right across the country. Our aim is to better people’s lives and ensure that everyone has access to our vision of a sustainable and affordable home.”
