by: Mary-Anne Bowring/The Negotiator
Ringley has entered Welsh property market
Residential property management firm, Ringley Group, marks its entrance into the Welsh property market with a bang as it signs up The Century Wharf Estate in Cardiff. Formed of 945 apartments and houses spread across 19 buildings, the estate is now managed by three Right to Manage (RTM) companies since leaseholders won the battle to take over formal control in responsibility for the management of the buildings from the freeholders – under a process known as Right to Manage (RTM) – and in 2014.
As franchisee clients of Ringley Group, the Century Wharf Estate RTMs will pay to use Ringley’s operating systems, which have been developed in-house by the company and draw from the Group’s two decades’ experience in residential real estate. Mary-Anne Bowring (pictured), group managing director at Ringley, said: “Right To Manage is a useful corrective in the leasehold system that gives residents the ability to either replace their managing agent or take over responsibility for managing the building from the freeholder. “We are thrilled to be working with what is the largest Right To Manage company in the UK, who will be using Ringley’s bespoke operating systems that have been developed in-house and draw from our many years of managing residential property.
“Century Wharf Estate makes our first client in Wales, and we hope to expand our presence in the country further, building on what has been a year of solid growth at a group-level despite the challenging circumstances created by the pandemic.” Set across 10 acres on the east bank of the River Taff, Century Wharf Estate is one of Wales’s largest luxury apartment developments, with residents benefiting from access to a pool and landscaped gardens.
The estate is located within walking distance of Cardiff city centre, including the Principality Stadium, and is close to the cultural offerings at Cardiff Bay, including the Wales Millennium Centre, home of Welsh National Opera, as well as Mermaid Quay’s waterside quarter, home to a wide range of restaurants and coffee shops. Headquartered in London with a secondary office in Manchester, Ringley Group currently manages over 12,000 homes across the UK, making it one of the country’s largest property managers.
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