It has been announced that Octopus Real Estate, a leading specialist property investor, is set to open their first regional office outside of London. The firm will occupy a space in Manchester’s Spinningfields, meaning they will be situated in the heart of the local economy in Manchester’s city centre. The award-winning UK property investment and development company was formed from the merger of both Octopus Healthcare and Octopus Property to ‘take advantage of the opportunities within the UK property market.’ The company announced the merger earlier this year, showcasing their decision ‘to combine two specialist property-focused, businesses to create a larger business with greater size and scale, affording it the opportunity to expand into new areas’, and one of these new areas just happens to be Manchester. This company is at a very exciting cross-roads and the fact they have chosen Manchester as an integral part of their new journey conveys confidence in Manchester’s property market and the city in general.
Octopus Real Estate is led by Benjamin Davis, former CEO of Octopus Healthcare who states that ‘all of the sectors of the real estate market we currently operate in have significant growth potential’ and that ‘creating a more diversified real estate business will give us a structure that allows us to match our ambitions with added size and scale – leaving us best placed to make the most of these opportunities.’
The firm have decided to occupy a ‘self-contained unit’ within Hardman Street and already have plans for further expansion in the very near future. The current Manchester team is made up of five members of staff and Octopus Real Estate has already revealed that it plans to continue to grow its team into double figures in 2020. The firm also stated how they consciously made the decision to hire from the area to build its ‘experience in the Northern market and region’ once again creating a very positive outlook for property jobs in Manchester.
Head of Sales for the North, Chris Timms, who is an integral figure in the Manchester office states that ‘having worked closely with our loyal broker network in the North for several years we have listened to what they want from a lender. We have responded by opening an office in Manchester to fully support them. This has been something we have wanted to do for several years and it’s exciting that our doors are now officially open.’ He also went on to say how ‘both the commercial and residential property markets are moving quickly in the North and opportunities continue to arise making investment an attractive choice.’
Octopus Real Estates’ CEO has described how the company is continuously looking to ‘gain entry into new specialist sectors of the UK property market’ which will make them a great asset to Manchester’s property market and for property jobs in Manchester as well. He explains how the company wants ‘to be able to offer innovative new financing solutions designed to meet the challenges of modern accommodation needs’ whilst as the same time ‘creating attractive investment opportunities for our investors.’ Therefore, it will be exciting to see the impact this company has on Manchester’s already thriving local economy and we look forward to seeing them cultivate the continued successful in the city and surrounding areas.
Written by Rachael Gray.
Rachael Gray is a Director at Clifton Gray specialist property recruitment company. Follow Rachael on linkedin or email firstname.lastname@example.org to discuss current Liverpool and Manchester property jobs, or to find out how Clifton Gray can secure the best talent for your property business