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FirstPort sells retirement apartment leases

FirstPort has sold 275 long-leases for apartments in retirement developments across their nationwide portfolio to real estate investment company, Residential Secure Income plc.

The sale of these apartments will not affect the services we provide to our customers – development managers will continue to live in their apartment on the same terms as before and developments will continue to be served by their current development manager.

FirstPort would only make the change from a live-in development manager to visiting when a majority of residents on a development vote to do so.

FirstPort has made this sale in order to focus on their core business of managing properties and looking after our residents.