The 185-year-old Cambridge based property consultancy Bidwells has revealed plans to double the size of its business by 2030.
Bidwells plans to hire an additional 200-250 people and inject significant investment into the business over the next six years. These funds will be used to diversify and deepen the firms service offering in sectors and regions in which it is already well-established, such as science and technology and the Oxford-Cambridge Arc.
They will also be utilised to expand its provision in other high-value sectors such as natural capital, renewable energy, and operational living across the country.
Last month the firm announced the hire of BTR veteran Iain Murray and his former team at operational living agency Cortland Consult to kickstart its sector offering. The newly established division will be national in scope and offer a range of operational living consultancy services, from capital markets, fundraising support, and deal sourcing to development and project management, planning, and operations.
The firm also sees ample opportunity to expand in the renewable energy and natural capital markets - areas in which it already has an established presence. Bidwells’ Energy & Renewables team already has been involved in some of the biggest energy projects in Scotland and Wales, and the firm intends to further build out this offering across the UK to tap into the worldwide growing demand for green energy.
Nick Pettit, Senior Partner, Bidwells, said: 'We believe that now is the time to be ambitious as a business that has been historically unafraid of venturing into new and exciting areas. We helped to establish Europe’s first science park - Cambridge Science Park - in the 1970s. More recently, we have invested heavily to double the size of our Energy & Renewables team over the past two years to create one of the industry’s most sophisticated service offerings. As such, this marks an exciting expansion into both new and existing areas for our business and will ensure we are well primed to capture growth in the built environment’s most high-value markets.'
Kelly Bream, COO, Bidwells, said: 'This is a new chapter for Bidwells as we seek to diversify and deepen our service offering across existing and new areas of the business. It is an ambitious but considered expansion, and one that taps into markets across the real assets landscape that offer the highest potential for upside for both the partnership and its clients. Our expansion into the operational living markets represents our conviction in the long-term structural and demographic tailwinds driving investor interest in the sector, and will play a vital role in our growth strategy going forward.'
