Leading block management company LRPM has sold its Norfolk lettings portfolio to concentrate on its core service.

The portfolio is composed of a diverse range of residential properties from across the region and was sold to locally-based 5 branch independent, Minors & Brady Estate Agents.

LRPM said of the deal: “After careful consideration, the decision was made to divest this segment to channel resources and expertise into expanding the company’s block management services.

This decision represents a pivotal moment for LRPM.”

“This strategic realignment aims to capitalise on LRPM’s strengths in managing residential blocks and to deliver enhanced value to clients in this specialised area.”

Letitia Randell, founder of LRPM adds: “This decision represents a pivotal moment for LRPM.

“Our success in the lettings market has laid a strong foundation, but as the property management landscape evolves, our focus must shift to where we can offer the most value.

“By concentrating on block management, we can leverage our extensive experience and resources to provide superior service and innovative solutions tailored to the needs of property owners and residents.”

LPRM provides block and estate management in both the residential and commercial sectors.