Acquisition secures six million sq ft order book for real estate advisor
Commercial real estate advisor, CPP, has acquired Moriarty & Co to strengthen 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 six million sq ft order book to CPP, comprising existing buildings and an immediate development pipeline, creating a combined UK-wide platform of more than 25 million 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.
CPP is a cross-sector real estate advisory business specialising in leasing, development, capital markets and property/asset management.
Founded in September 2013, it currently operates from four offices in Leeds, Sheffield, Nottingham and London.
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, and its client base has schemes across the UK, with a focus on Big Box developments.
Steve Moriarty said: “I’m pleased 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.”