Real estate developer and investment house The Blackmore Group has opened a flagship London office following a period of unprecedented growth.
The Manchester-headquartered company has launched its Mayfair office following the acquisition of several high-profile property development sites in the South of England and a renewed focus on capital markets.
The Blackmore Group is one of the UK’s fastest growing real estate investment companies and works with partners such as JLL, Grant Thornton and Strutt and Parker. It recently bolstered its senior team with the appointment of Ricky Poonia, former Head of the Residential Capital Markets & Investment Team at BNP Paribas, as its new Head of Real Estate.
Ricky will head up the new London office alongside CEO of Real Estate, Patrick McCreesh, and will be responsible for strengthening relationships with key investors and partners, building the company’s reputation in capital markets and growing Blackmore’s real estate arm.
He will be joined by a team of six staff, and the company has ambitious plans for growth after the introduction of the new London office.
Late last year The Blackmore Group relocated its HQ to The XYZ Building at the heart of the financial services community in Spinningfields after the expansion of the team. The launch of the new Mayfair office comes as the group starts on site on several new real estate projects including Fusion Court in Stratford and The Park in Ealing.
Blackmore Group’s CEO of Real Estate, Patrick McCreesh, said: “London is the main hub for major property companies and institutional investments so it’s the natural step for The Blackmore Group to open an office which is at the heart of the sector, and the industry as a whole.
“It’s also leading the way for many emerging alternative markets which are shaking up the traditional rental sector, such as co-living. As a company we are starting to think more and more about how we can meet the needs of future generations and co-living offers young professionals who are being priced out of the current rental market or offered little value for their hard-earned money, an alternative route to the city.
“That’s one of the reasons why opening an office in London is such an exciting move for The Blackmore Group and will lead to excellent returns for our investment partners. We can’t wait to see where it takes us as a company.”
