JLL has launched a dedicated management service for PRS developments in the North West and announced its first instruction − LaSalle Investment Management’s Greengate tower in Manchester.
LaSalle has appointed JLL to managed the 497-unit scheme after acquiring the building from developer Renaker in July.
JLL will provide lettings and tenancy management, service charge budgeting, maintenance and facilities management and 24-hour on-site customer service for tenants.
The firm has already let 70% of the first phase of 229 flats since they were launched in August.
Nationally, JLL manages residential property with an annual rent roll in excess of £75m on behalf of private landlords and institutional investors.
Louise Emmott, director, residential at JLL, said: “Our dedicated on-site management service will focus on delivering an excellent tenant experience akin to that of a luxury hotel, while driving profitability, reducing costs and minimising voids for the landlord.”
• To send feedback, email louisa.clarence-smith@estatesgazette.com or tweet @LouisaClarence or @estatesgazette
