TFT has announced the opening of a new office in Cambridge as the firm continues to invest in key regional markets following the pandemic. Peter Wyld, joining from Carter Jonas, will be TFT’s regional lead in Cambridge with the opening of the office rounding off a very productive financial year which saw the firm grow by 10%.
Peter Wyld will bring over 15 years’ experience in surveying and project management and sustainability advice, covering sectors from office and lab spaces to historic buildings across London, East Anglia and the Midlands.
From client and market intel TFT’s insight into the market concludes that a significant number of companies are seeking to adopt some form of hub-and-spoke model. This view has been supported by data from the likes of insights group Censuswide, highlighting that a third of businesses based in London are looking to open satellite offices in neighbouring towns. Given this forecast, and the fact that Cambridge is an area set to benefit from businesses branching out of London, TFT’s strategy is to build on its many years of working in East Anglia with major clients including L&G, Aviva, Tesco and Screwfix to continue to consolidate and expand in what it sees as a key geographical area.
Beyond the Silicon Fen and Oxford-Cambridge arc, Suffolk and Norfolk’s commercial property sector is responding to a combination of pandemic and Brexit effects. Growing demand for warehousing and logistics units to store goods from the region’s ports – such as the container port at Felixstowe or short sea ports Ipswich, King’s Lynn and Lowestoft – is well-served by TFT’s specialists in developing, transacting and managing logistics and industrial assets with sustainability and long term value in mind.
Alistair Allison, Managing Partner of TFT said: “As part of our commitment to provide industry-leading technical ability and local market insight, we’re thrilled to announce our offices in Leeds, Southampton, Dublin, and now in Cambridge. Each region presents unique opportunities for our clients, and our team has a wealth of experience to offer across the board.
We’ve already built a solid reputation in East Anglia through our delivery of surveying, project management, sustainability and engineering services for new and existing clients. Expanding in the region supports our wider interests in non-core office locations which provide more places for our team, our clients and industry partners to work together.”
Peter Wyld, TFT’s Cambridge Office Lead, said: “East Anglia thrives on a mixture of sectors, from sciences and technology to leisure and retail. Cambridge and Norwich are longstanding favourite retail destinations and have demonstrated resilience. World-leading education institutions offer an excellent talent pool and technology incubation business models help turn start-ups into successful companies. It’s no surprise that we’re seeing strong inward investment and great optimism in the region.”
TFT’s new regional office demonstrates the firm’s investment in the region and is part of the firms sustained growth plan to continue expanding its network of workplaces for its teams across the country, providing more hubs for its team, clients and project partners to work together flexibly.
The planned opening follows a notable period of growth for TFT whose recent projects include St James Quarter in Edinburgh, award-winning workplace schemes 400&450 Longwater Avenue and HERE+NOW, Thames Valley Park in the South East. This year TFT completed L&G’s 10 city-centre development and refurbishment schemes across the country, pre-let to HMRC as a regional office portfolio.
In addition to the Cambridge office, TFT has dedicated offices in Birmingham, Bristol, Cardiff, Dublin, Edinburgh, Guildford, Leeds, London, Manchester, and Southampton offering clients specialist property services with in-depth local knowledge.