An expanding commercial property consultancy has reported growth of around three quarters following the opening of new regional offices.
Jones Hargreaves, which has its headquarters in London, said revenue was up 73% during its first three months of trading this year, with a 60% uplift in client instructions across its regions. The company said its logistics project work had been “particularly buoyant”, with investors re-prioritising assets.
It comes after the firm, which provides project management and sustainability services, opened new sites in Bristol and Manchester earlier this year.
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Jones Hargreaves is currently leading the refurbishment of a 36,000 sq ft office in north Bristol. Its team in the city, based in The Generator office building in Redcliffe, said it had also provided technical due diligence services to a “national institutional client” over the disposal of a 100,000 sq ft facility.
Nic Excell, senior associate partner at Jones Hargreaves in Bristol, said: “There’s tenant demand for both logistics and office space, but until recently there has been a shortage of assets. The start of 2023 has seen a resurgence in activity as prices started to flatten and confidence began to recover; prompting a year-on-year uplift in demand for our services.
“We continue to see the commercial property market proving resilient in the face of economic headwinds with a notable uptick in industrial and logistics transactions where market sentiment appears to have solidified following a turbulent period. We have been delighted to provide timely technical due diligence services to assist our clients with multiple national acquisitions.
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