LRG has acquired Principia Estate and Asset Management, a specialist block management business operating across some of the most prestigious residential buildings in Prime Central London.
Based in Chelsea, Principia manages around 250 buildings and developments, many of which sit within conservation areas and include some of the most valuable residential assets in the UK. With more than 40 years’ heritage, the business has built a reputation for delivering high-quality, hands-on management in a market defined by complexity, regulation and high client expectations.
The acquisition significantly strengthens LRG’s block management division in the Royal Borough of Kensington and Chelsea, adding a well-established brand with deep local expertise and long-standing client relationships. Principia will continue to operate under its existing name, with its Chelsea office remaining in place. All staff will transfer to LRG, ensuring continuity for clients, including Director, Simone Carlon and Group Partner, Julian Chambers, who will continue to lead the business, supporting the transition and working alongside LRG to drive its next phase of growth.
Matthew Light, Group Mergers & Acquisitions Director at LRG, commented, “Simone and the team have built an exceptional business with a strong reputation across Chelsea and the surrounding areas. We are keen to retain and grow the Principia brand, supporting its continued success while exploring opportunities to expand its reach across other London markets. This is exactly the type of business we look to partner with, established, respected and well positioned for growth.”
Michael Cook, Chief Executive Officer at LRG, commented, “Principia operates in one of the most demanding areas of the UK property market, where the quality of management is critical. Their portfolio, expertise and reputation make them a natural fit for our business. The Principia brand has been built on consistently high standards and strong client relationships, and that identity will remain an important part of the business as we continue to strengthen our presence in Prime Central London.”
Simone Carlon, Director, Principia, commented, “Principia has always focused on delivering a personal, high-quality service in a complex and competitive market. Joining LRG allows us to continue that approach while benefiting from additional scale and support. We are excited about what we can achieve together.”
This acquisition reflects LRG’s continued focus on expanding its full-service estate agency offering, with ongoing interest in partnering with high-quality businesses across sales, lettings and property management.
