Kier Property


Kier Property brochure Student Accommodation brochure Logistics City brochure Trade City brochure Office brochure Retail, Leisure & Hotels Solum brochure

Kier Property, the development division of the Kier Group, has achieved an exceptional year with profits exceeding £25.8m. The Group announced its results on 21 September 2017, showing an increase in Group revenue by 5% to £4.27bn and underlying operating profit up at 3% to £146m.

Kier Property, with an 80 strong team, is based across the UK and has established itself as a leading development and investment partner, with a 10 year pipeline of opportunities which is valued at £1.4bn GDV across all asset classes - 80% of this is outside London.

With an ambitious acquisition and development programme and as part of Kier, it benefits from a strong balance sheet which allows it to invest c£200m pa. This equity is augmented with external lending from key relationship banks that include Investec Structured Property Finance (Investec SPF), Deutsche Hypo, Santander, RBS, and HSBC, giving access to a total of £450m.

Through these partnerships Kier Property continues to positively increase investment to review how it delivers its product to be "right sized" for the businesses of the future.

Due to the company’s growth, the division will move from its existing site in Cavendish Place, London, W1 to new premises in Foley Street in London’s Fitzrovia in February 2018. Kier, utilising its construction arm, is currently undertaking a full refurbishment and extension of the 34,000 sq ft Foley Street building, which will create a total of 42,000 sq ft of prime Grade A office space.

The business operates in three core teams: North, South and Solum. Through this structure many prominent partnerships have been developed with companies including Network Rail, Watford Borough Council, Staffordshire County Council, Bruntwood, Lingfield Security, Yorvale, MapleGrove, Premier Inn, Reading Borough Council, FORE and Northampton Borough Council.

In July 2008, Solum was created - A partnership between Network Rail and Kier Property which formed to attract private investment into the rail network. This joint-venture vehicle drives station-led developments in London and the South East. The Solum approach is to create value through mixed-use developments which generate funding to provide station and environmental improvements to the travelling public.

The Southern team’s largest mixed-use commercial scheme is the 109,000 sq ft Reading gateway scheme, which is currently under construction and scheduled to reach practical completion in September 2018 providing a major new retail and leisure experience.

Kier Property’s two successful industrial brands Trade City and Logistics City continue to operate and develop on a speculative basis and offer both leasehold and freehold solutions to occupiers.

"We are extremely proud of our achievements, and believe no other company can display a similar strategy of developing multiple relationships, across multiple sectors in the UK.

With our diversified national portfolio of multi-sector, high-quality projects; Kier Property continues to offer its specialist skills as part of the Kier Group’s integrated offer to clients who are seeking to maximise the return from their property assets. Making us the development partner of choice - to drive change, and lead the way."

 "These are exciting times for Kier Property. Our strength is in the breadth of our offering and our flexibility, which underpins the growth of the business and enables us to take advantage of the many opportunities available."

"The regional markets are extremely important to our business strategy and with a vast amount of schemes on site and in the pipeline we expect to see more opportunity come through to complement the existing portfolio."

Selecting and listening to key stakeholders is also vital to the company’s success. By being able to react quickly to trends and movement in the market and by taking the advice given on board, Kier Property has been able to deliver an enviable track record.

The northern business has continued to dominate development plans in the North of England from offices in Leeds, Newcastle and Manchester. They are being persistent in their goal to reshape the landscape and drive their property programme forward.

A great example of this success is its partnership with CTP and Liverpool City Council to deliver their new mixed-use commercial quarter, known as Pall Mall. The partnership will procure the scheme in phases over a proposed five year period; creating an extension to the new core business district (CBD).

The student market has also provided great returns and represents Kier Property’s desire to continue to find well located sites in key cities where there is a strong requirement. With a proven track record in delivering student accommodation-led schemes, and having successfully delivered more than 1,600 units in Glasgow and Salford (combined); the team plans to continue to expand their pipeline with over 1,000 student rooms planned over the next five years.