Commercial property agency expands with acquisition

CPP, the commercial property agency, which has offices in Nottingham, Leeds Sheffield and London, has bought Moriarty & Co.

CPP says the move will expand its industrial and logistics platform across Yorkshire and the Midlands and launch the firm into the North West and other regional markets.

Moriarty will bring a 6m sq ft “order book” to CPP, comprising existing buildings and immediate development pipeline, creating a combined UK-wide platform of 25m-plus sq ft.

Steve Moriarty, founder of Moriarty & Co, will join CPP as director with a national role, working alongside CPP co-founders and directors Roger Haworth and Toby Vernon and forming part of the 20 member of the team.

Vernon said: “The acquisition of Moriarty & Co is the first stage of a strategic growth plan for the business to build on our solid reputation and market-leading track record and to grow the team further.

“We are thrilled to welcome Steve on board, having known and worked with him for many years. As one of the best-known figures in the UK industrial and logistics leasing market, and a super talented operator, not only does Steve bring a huge order book of prime instructions, he also brings an exemplary reputation in the market and a wealth of experience, knowledge and contacts.”

Moriarty & Co was established in 2010 by Steve Moriarty

He said: “I’m delighted to be working with Toby and Roger again and joining the excellent CPP team. We will be looking to quickly make a number of key hires, growing the business nationally and building on the established brand.”