Real estate consultant exceeds £2bn project portfolio

A strong portfolio of projects has seen Birmingham-based real estate consultancy Naismiths secure an important development target.

The firm has exceeded the £2bn barrier for the first time in terms of projects currently under development.

Its national project monitoring team has been appointed to work on more than 400 projects throughout the country, in both the residential and commercial property sectors.

Marcus Higgins, national head of project monitoring services, said: “These are huge numbers, and it is a record for the business. It represents a huge achievement for our teams across England, Wales and Scotland.

“We have continued to invest in project monitoring which has positioned us as a market leader.”

Most of the projects Naismiths is helping to deliver are in the residential sector, with the North West and South East seeing particularly high demand.

“The residential market is really booming at the moment, such is the demand for housing all across the country. We have positioned ourselves well to benefit from this, and more than 60% of the projects we are helping to deliver are in this sector,” added Mr Higgins.

“With the shortage of commercial property to rent at the moment, many businesses are borrowing money in order to purchase units while they are available rather than renting. It provides a more secure future and generally means cheaper occupancy costs in the long-term. This trend in the market has led to Naismiths being appointed on many of these schemes.”