Pinnacle acquires residential and social housing specialist

Facilities and property administration company, Pinnacle Group, has obtained social and residential casing specialists Orchard & Shipman.

Among the UK’s top multi-tenure residential providers, the acquisition will dsicover Pinnacle expanding its geographical service and footprint capability nationwide. The purchase shall integrate the complete of Orchard & Shipman within Pinnacle, which includes its registered service provider (Orchard & Shipman Houses), and will continue being brought by Chris Shipman, Executive Chairman.

Orchard & Shipman brings over 30 years’ experience and experience in the provision of home management services to open public and private industry landlords and portfolio proprietors nationwide.

With a mixed-tenure residential administration portfolio of over 80,000 homes over the United kingdom, Pinnacle states the strategic acquisition of Orchard & Shipman further improves the company’s sector knowledge and ability whilst benefitting existing along with new customers and customers.

The offer strengthens Pinnacle’s capacity to provide step-change housing solutions instantly. This consists of delivery of the 49,000-home National Lodging Management Services contract, in June with respect to the Defence Infrastructure Organisation guaranteed by Pinnacle. It offers the £85 million financing project also, secured and devised simply by Orchard & In August together with London Borough of Bromley shipman, to supply much-needed permanent affordable houses also to manage them over a 50-year time period.

Commenting on the acquisition, Peregrine Lloyd, Group LEADER of Pinnacle Team said: “I’m delighted to in a position to announce this strategic acquisition for Pinnacle. Both businesses have an extended history as trusted casing providers and a complementary clientele across public and personal sectors. We’ve shared ideals and heritage and appearance to conference our collective targets of providing better still value forward, more service advancement and further customer focus once we continue to develop beneath the Pinnacle umbrella.”

Chris Shipman, Executive Chairman of Orchard & Shipman, added: “I’m delighted to be joining an organisation which has the same high specifications and values we’ve striven to provide over our 30 yrs running a business and very self-confident our customers and workers will undoubtedly be in safe fingers. Our businesses have several complementary abilities and I anticipate assisting to deliver the thrilling projects we curently have in the offing.”

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