The company is a market leader in planning, development and regeneration. It employs over 250 staff, and has its head office in London.GL Hearn has a strong record of delivery in London, as well as across the rest of the UK – which it serves from seven regional offices, including Glasgow, Manchester and Southampton.
Andy Parker, Capita’s Chief Executive, said:
“GL Hearn will be a transformative addition to Capita’s property and infrastructure business. Beyond extending and enhancing our existing real estate offer, GL Hearn’s track record and range of expertise will allow us to provide market-leading commercial, technical and strategic advice across the entire development process.”
He added: “For the wider Group, the acquisition of GL Hearn will allow us to develop and offer new and extended propositions to all the sectors and clients we work with. We see a particular opportunity to work with a number of our clients to add value through the commercialisation of their existing asset bases.”
Brian Sloggett, managing director of GL Hearn, said:
"Following its acquisition by Capita, and over 90 years since it was first founded, GL Hearn has entered into an exciting new phase. It will join forces with Capita‘s real estate business to generate a new and unique powerhouse in the UK property market. Being part of Capita will enable us to accelerate the growth potential of the GL Hearn business and build an even stronger platform for ours and Capita’s public and private sector clients. We are confident that our combined clients and team will derive considerable value and opportunity from this acquisition."
Richard Marchant, CEO of Capita's local government, health and property division said:
“Major infrastructure projects, including HS2, along with the current focus on encouraging city devolution should soon unlock two decades of regional development opportunities. Combining the existing strengths of Capita and GL Hearn will put us in a unique position to help our clients take advantage of these opportunities."