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FEATURED BLOCKS RTM Features


Many of the flats have views over the Bristol Channel and River Tay Power to the people


Has the biggest RTM claim to-date paid off for flat owners at Century Wharf in Cardiff? Flat Living finds out


Flat Living readers may already be familiar with Century Wharf in Cardiff Bay. The development hit the news last year when flat


owners living there achieved the biggest ever Right to Manage victory. After months of legal wrangling, RTM was finally acquired in August 2014. Warwick Estates has now been appointed by the RTMCo and manages the estate from its office in Cardiff.


The development at Century Wharf was built over a number of years, with construction divided into six phases starting from 2001. More than 900 flats are split across 19 buildings, with a mixture of long leaseholders and tenants renting properties at the luxury waterside development, which is located close to the lively entertainment area of Mermaid Quay in Cardiff. Residents benefit from a central location, good


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transport links and leisure facilities on site and many have fantastic views over the Bristol Channel and River Taff. Prices of the flats start at around £100,000 for a studio apartment up to £295,000 for a luxury duplex penthouse. There is a wide range of on-site amenities including 14 acres of landscaped gardens, large swimming pool and gym, 24-hour concierge and secure parking.


Despite all the plus points of living in such a well-appointed development, what the residents did not enjoy so much was the fact that they didn't feel they had enough control over the financial aspects of management and maintenance at Century Wharf. As a result, they took the decision to go down the RTM route with help from Warwick Estates and the Right to Manage Federation, which represented the leaseholders in the LVT.


“Warwick Estates was approached by a leaseholder who owned a property in another block the company managed in Cardiff as well as a property in Century Wharf,” explains Warwick's Uyi Otokiti. “Based on the quality of service Warwick Estates provided him with, he felt an introduction to the rest of the committee at Century Wharf was needed. We then did a presentation to the board of Century Wharf and from there began the RTM process,” he explains.


The process took around 18 months from start to finish. With so many individual leaseholders involved in the claim this was inevitable but the process was made more complicated by the nature of the development. According to Uyi: “The biggest problem we encountered was gaining the approval signature from every single leaseholder in the development. With most


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