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CGI of Lewisham Exchange entrance. Image © Benedict Luxmoore

Pinnacle grows affordable housing property management portfolio in London  

Pinnacle Spaces has been appointed by CBRE Investment Management’s UK Affordable Housing Fund to provide all management functions for the new Lewisham Exchange, Asquith Court development, which includes 40 social tenanted and 27 shared ownership homes.

Pinnacle Spaces, a Registered Provider of Social Housing with the Regulator of Social Housing and part of the Pinnacle Group, commissions its homes division to provide comprehensive housing management services including lettings, repairs and estate, tenancy and leasehold management services. The letting process is in accordance with a Nominations Agreements with Lewisham Council and includes conducting accompanied viewings and sign up.  

With a focus on reinvesting into the local community, at least 25 per cent of Pinnacle’s on-site workforce at Asquith Court will be employed from within the London Borough of Lewisham. 

Furthermore, as part of its commitment to providing people-first community spaces, Pinnacle has designated a communal amenity area for the use of residents and will liaise closely with them to develop how best they would like to utilise it.    

Kate Donovan, Head of Operations: homes at Pinnacle Group said: “This is the first development for Pinnacle Spaces and will add to the large and growing management portfolio of mixed tenure homes that the Pinnacle Group has across London and the rest of the UK.

“This is the first of what we hope will be a strong pipeline of opportunities to work with CBRE Investment Management and play our part in addressing the need for high quality, affordable homes across the country.”

Asquith Court launched in December 2021 and forms part of a wider Lewisham Exchange development, which includes 600 student accommodation dwellings.  

 

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