Pennycuick Collins has appointed a new partner who will be bringing with him the management contract for one of the most significant property holdings in central Birmingham.
Charles Gillett has joined the company – one of the city’s largest owner-managed property management consultancies – from Bruton Knowles and will bring the Gooch Estate contract with him.
The Gooch Estate comprises the remnants of what was the original manorial estates of Birmingham.
Acquired by Bishop Sherlock of London as an investment in the early 1700s, the focus of the land holdings has always been Digbeth and Southside.
The Estate has grown in recent years and currently extends to over 45 acres, with around 200 property interests spread over an area to the south and east of the city centre from the A38 Bristol Street to the West Coast mainline that runs through Eastside.
The Estate had been managed by James & Lister Lea – now Bruton Knowles – since 1878.
Established in 1982 and located at The Square on Broad Street, Pennycuick Collins has a team of 50 property professionals, with the practice’s main disciplines being commercial and residential management and lettings, auctioneering, as well as building surveying and valuation services.
Peter Dening, partner at Pennycuick Collins, said: “The expansion of our commercial property team has been a key goal for us for some time. While we are based in the centre of Birmingham, up until now we have very little property to either manage or let in the city centre – our portfolio is spread across the West Midlands.
“Gaining the property management contract for the Gooch Estate, together with Charles Gillett as a partner is tremendous news for the growth of the business.
“Charles is highly respected for his property management credentials and has been managing the Gooch Estate for over 13 years.
“A number of us have previously worked with Charles, so it is very rewarding to finally be working together again.
“In addition to managing the Gooch Estate, he will be driving our commercial property team to continue the expansion of the practice.”
Pennycuick Collins has enjoyed significant growth having acquired four smaller independent property businesses over the past ten years.
The company manages 130 apartment schemes across the West Midlands, including a number of sheltered residential developments with warden assistance. Its residential lettings portfolio currently stands at close to 700 dwellings.
The commercial property team manages a number of regional retail developments. One of the most high-profile aspects of the business is the four major property auctions held every year.
In addition to its core services, the practice has also been instrumental in Salhia Real Estate Company’s £150 million Beorma Quarter scheme, having worked for several years to assemble the numerous property ownerships that existed across the 0.77 hectare site.
The mixed-use project has recently received planning permission and is due to start on site next year.
Mr Gillett said: “The offer of a position as partner at Pennycuick Collins came at a perfect time for me.
“I have enjoyed every minute of my career to date, but I was ready to move on to a smaller, owner-managed firm. Being able to join such a friendly company with a number of people I have worked with before is ideal, especially as I will be able to continue to develop the opportunities arising from the work on the Gooch Estate.”