Galliard Group is launching Evolve, a new €115.2m (£100m) commercial property business which will build affordable luxury workspace schemes with lifestyle amenities across London and the South East, offering investors the opportunity to buy value-for-money workspace units for rental investment and start-up and established companies small and medium-sized units to rent/purchase.
Deriving its design and environment-DNA from the hospitality sector, the first Evolve scheme located in Colchester totals 50,000ft² and offers 90 workspace units (phase 1) and five other stand-alone traditional office buildings (phase 2). The company already has two other Evolve projects in the planning pipeline, a 2.19-acre site and 50,000ft² development offering 90 small business units in Milton Keynes and a 1.5-acre site and 36,000ft² development offering 45 business units in London’s Watford. Over the next five years Evolve plans to build workspace schemes across London, the surrounding M25 commuter belt and Home Counties. All three schemes were designed in collaboration with Bowman Riley.
Stephen Conway, Executive Chairman of Galliard Group said: “For over 25 years Galliard has helped young professionals and individual investors in the housing market get onto the property ladder. This launch of Evolve moves our buy-to-let investment work into the commercial property sector, providing investors with a value-for-money opportunity to acquire units for rental investment, alongside enabling small firms wanting to rent or buy workspaces to get onto the commercial ladder and move into a vibrant business community complete with lifestyle facilities.”
