21 May 2018
Your House Manager's Flat Is No Longer Your House Manager's Flat!
About Peverel would like to thank Sian for a post informing us that Firstport have secretly sold off their leasehold interests in 277 residential house managers flats to Residential Secure income an investment fund specialising in the social retirement sector. Firstport have never explained as to how they came to be "gifted" those leaseholds in the first place.
Whilst this sale gives Firstport the funds to carry on for a while, it is a complete disgrace that once again residents have been cheated. Their house manager's flats that they have paid the upkeep for is now owned by institutional investors, whose soul motivation is profit.
How can such a deceitful company ever be trusted with over £200m of residential service charge funds?
