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Tuesday, May 29, 2023

M3 announce major push into Northern logistics market

M3, the niche industrial agency, is to make a major push into the northern logistics market with the launch of a Sheffield office. At the same time, the firm has announced an expansion of its Birmingham team.

Roger Howarth, previously a director at Atisreal, has been recruited to run a new Sheffield office alongside Toby Vernon, who arrives from Knight Frank where he was also a director. Both have been appointed equity Partners. The new office will serve key markets in Yorkshire, Teeside the North West and the North East Midlands.

As well as the new Sheffield office, M3 has strengthened its Birmingham team with the appointment of Nick Waddington, also as an equity partner. Nick was previously at Knight Frank, where he was head of industrial at their Birmingham office, and joins Josephine Baker who has been recruited from GVA Grimley.

The new appointments and expansion into Sheffield follow M3's recent work advising on, amongst other significant transactions, Macquarie Goodman's acquisition of Rosemound and Rockpoint's purchase of Gladman's development portfolio. As a result, partner Steve Moriarty is to take on a more strategic role advising Fund and Developer clients alongside Richard Moffitt and Simon Milner.

Steve Moriarty, comments: "These new appointments and opening a Sheffield office will enable us to enhance our service to clients in the distribution and logistics sector.

"There is increasing demand from occupiers as they look to take advantage of the region's readily available distribution space and lower labour costs."

In addition to the appointments, Oliver Buckland is moving from the investment team back into the agency team at M3's London office.



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