Our Real Estate Advisory team works with the leading commercial property agents in the UK. Our specialisms cover niche sectors of the market with a particular focus on Property Management, Capital Markets, Development, Valuation & Professional Services, Land & Planning, Corporate Real Estate, Asset Management and Private Equity.
In Partnership with our clients MRG have completed recruitment campaigns across Director/Main Board appointments but also at Chartered Surveyor, Senior Surveyor and Associate level.
The recent acquisition by BNP Real Estate of the ‘old school’ agent Strutt & Parker has got me thinking about how much of a change we have seen over the last decade within the London commercial property market and the agents and consultants that service it. Back in 2007, there were over 35 commercial agents with > £10m annual turnover. Today there are only 23. Over that period we have seen the likes of CBRE, JLL and co buy up some of the industry’s most recognisable names such as Dalgleish and King Sturge and the DTZ/Cushman Merger/Acquisition?? to name just a few of a huge number of M&A activity in the sector. These acquisitions make sense in theory. The idea being that the Goliaths can offer an integrated, global platform with a wider service offering. This makes sense and is true. However; Does something get lost in the process? There are those that argue that whether it be individual small retailers or large multinationals, clients are increasingly being left with less and less choice between agents and consultants. Is it true that with every acquisition dies another unique business (such as Strutts, King Sturge, Drivers Jonas) with its own culture and methodology and thus the offering to the market, in general, is becoming dull and generic? Whilst the big boys seem to be getting bigger, there are some small, niche practices that continue to offer their clients one or only a few services or cover a small region. I'm talking about the CWM’s and Munroe K’s of this world. These businesses offer their clients a very unique, highly experienced and honed service and level of personality that perhaps can’t be matched by the big boys. For this reason, I believe that there will always be a need for these types of firms. That leaves us with the middle ground. Where do the mid-sized firms sit? Will the Rapleys and Montagu Evans of the world continue to compete against the big boys and the small specialists? Again, it can be argued both ways. These firms offer a unique culture whilst also catering for a number of requirements and tend to have good regional reach. However, can they call themselves specialists? Do they offer a true turn-key service to their clients? They certainly can't offer a global platform. I guess only time will tell but I suspect that these firms as we know them will most likely not exist in another 10 years time and that the property market will go the way of accounting Big Four. Are we about to see property’s Big Four? I'd love to hear your thoughts, feel free to comment below or you can email me, call or visit us here. You can also follow us on Linkedin and Twitter. Or read some of our company blog's like our 10th anniversary here.
The Management Recruitment Group (MRG) held its second charity event of the year last Friday in the form of a ‘Mad Hatters Prosecco Tea Party’ in aid of Macmillan Cancer Support. Held across two of its offices in Twickenham and Monument, the staff got their ‘Great British Bake Off’ on and threw the Lewis Carroll-themed cake sale with a strict ‘No Cake, No Prosecco’ policy. Some amazing cakes were baked by the staff ranging from ‘sparkly glitter’ vanilla & chocolate cupcakes, chocolate brownies, mars bar slices, ‘Tooty Frooty twist’ Victoria sponge, various other types of cup-cakes, pistachio cookies, red velvet cake, coffee cake, Battenberg, chocolate cake; and even some monstrous home-made sausage rolls! Charity committee member and marketing manager, Nick Hamilton, said, “We had such an amazingly huge and varied selection that it was hard to tell which were the most popular!.......In fact, that’s a lie – it was the Prosecco. The Prosecco was the most popular. “But the guys outdid themselves as overall we managed to raise a stunning £612.50! Not bad for an afternoons (sic) work, and all in a very good name. “Thanks to everyone who baked and donated and a special thanks also to Leap Legal Software (also based in Regal House Twickenham) who generously donated £100!”
A significant Central London Developer seeks to appoint a Head of Residential to play a key role in the management, letting and mobilisation of their truly unique portfolio in Central London.
Striving to have the UK’s first Premium PRS portfolio, the organisation currently has three significant assets across Central London which have global prominence. The scale of the latest development will result in one of the largest concentration of super-prime residential units not only the UK but across Europe.
The Head of Residential will be responsible for not only ensuring that the highest standards and management procedures are in place within the existing portfolio but to also work with the Development team to play a lead role in the mobilisation, marketing and letting of the fore coming schemes.
The successful candidate must have experience of the whole residential life cycle from set up and mobilisation to managing the assets on a day to day basis. While being comfortable managing day-to-day operations on the one hand, must also be able to give high level strategic advice on the other. The service levels expected are of the highest quality and would be comparable to the best 5* hotels and the successful candidate must be comfortable dealing with High Net Worth tenants as well as the firm's various investors and stakeholders.
Ideally you will have gained experience working with various residential agents in order to formulate marketing and letting strategies, so that the asset is at an acceptable occupancy level. The successful candidate will have the opportunity to work with some of the industry’s leading property professionals taking a residential development into a new direction.
For more information or to request a candidate briefing document please contact email@example.com or 0207 959 2368.
The Management Recruitment Group are exclusively mandated and will be handling all applications.