Carter Jonas, the national property consultancy, has doubled the footprint of its UK headquarters securing an additional 6,760 sq ft of space at One Chapel Place, W1, to support its business expansion. The firm, which currently occupies the second floor of the building, will occupy 14,000 sq ft over two floors becoming the largest business based out of the property.
In December 2013, Carter Jonas moved 30 staff from its previous headquarters in Berger House, Berkeley Square, to its existing premises just off Oxford Street. In the last five years, the number of people located in its headquarters has more than tripled in size to over 100. On a national level, Carter Jonas has 410 fee earners and One Chapel Place forms part of the business’s network of 37 offices across the UK.
Mark Granger, Chief Executive, Carter Jonas said: “Our move to One Chapel Place five years ago marked a step change in our business strategy. We adopted new service lines to complement the evolving needs of our clients and have actively pursued and won national mandates such as Highways England, Homes England and Hertfordshire County Council, which are delivered through our London and hub offices across the country. Additionally, we have leveraged our enhanced network of international strategic partners to increase levels of cross-border corporate real estate activity. Long-term relationships remain at the heart of what we do with 80 per cent of our work being repeat business.
“This is an extremely positive development for Carter Jonas and follows an accelerated expansion programme in which we have focused investment in London as well as enhancing our presence in our key regional centres. It is another important milestone in the continuing success of our long-term approach.”
The office currently accommodates staff working within the firm’s fast growing Commercial and Planning & Development teams. In the last five years Carter Jonas’ revenues have doubled with its annual turnover in the year ended 30 April 2018 increasing to £60.8m and with pre-tax profits of £11.5m. Carter Jonas’ expansion follows a number of significant developments for the business. In the last 18 months the firm has relocated its Leeds, Cambridge, Bath and Shrewsbury professional services teams to larger premises. It has also enhanced its presence in Birmingham as well as extending its geographic reach in the south west, through opening new offices in Taunton and Truro.