Managing agent bags hundreds of homes in new deal with L&G

Property management and facilities firm Pinnacle is to become the leading managing agent for Legal & General Affordable Homes.

In recent weeks, the housing services provider 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 1,800 homes for LGAH, with a pipeline of new properties expanding the portfolio to at least 2,600 homes over the next few years.

Claire Kober, Managing Director, Homes at Pinnacle Group, says: “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 on-boarding and management, building compliance, defect management, maintenance and void management.

The company will also work 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, Legal & General Affordable Homes, adds: “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.”