James Allen of Roche Chartered Surveyors: Construction and property sector delivers strong showing in Top 100 list
PUBLISHED: 18:46 23 May 2017 | UPDATED: 19:09 23 May 2017
The annual ranking of Norfolk and Suffolk’s Top 100 companies shows a construction and property sector in rude health, writes James Allen, senior partner at Roche Chartered Surveyors.
The movements in the 2017 edition of the Top 100 reflect a strong performance by those connected with property and involved in the construction sector.
Almost without exception, these companies have improved their figures and moved upwards in the Top 100 listings.
MORE: Browse the Top 100 list
The sector performance reflects improving demand for construction services, rising building costs and positive sentiments in most parts of the property market throughout Norfolk and Suffolk.
While the trend of technology companies increasing their representation and value is extremely satisfying, many of the stalwart Top 100 companies have achieved growth by acquiring additional outlets and are therefore strong players in their respective sectors of the commercial property market.
Among the leading 20 companies, Greene King, East of England Co-op and CVS are particularly notable. Aviva inevitably remains the largest corporate office occupier, as well as a hugely significant investor in commercial property.
Companies in construction show strong performance. Unsurprisingly, RG Carter remains firmly established at 15th place with strong representation throughout the region. Several companies have improved their ranking significantly, including One Group Construction (up eight places), The Barnes Group (up nine), Breheny Group (six places better) and Chalcroft (up 12 places). Impressively, the Jackson Group is one of the highest new entrants in 71st place.
Hopkins & Moore are firmly established as the area’s leading locally-based residential developer with a significant number of new sites under construction being reflected in a jump of 22 places to 35th in the latest listing.
St Vincent Holdings Limited, a new entrant in the Top 100, has significantly increased its investment and activity in commercial property throughout the region, particularly in Norwich and Ipswich, boasting the largest warehouse letting in Norwich in the last 12 months.
As we hope that the region’s technology companies and traditional industries will both continue to thrive, those in property and construction appear to be not only benefitting from this growth but more than holding their own in terms of their own performance.
James Allen is senior partner at Roche Chartered Surveyors.