Liverpool property firm Nicholson Group is targeting ‘heritage-rich’ schemes around the North West with a plan to expand its team and grow its £40m-plus portfolio. Tony McDonough reports
Liverpool property firm Nicholson Group has announced an expansion drive with plans to recruit more staff as it targets heritage building conversions across the North West.
Founded by chief executive Paul Nicholson, the firm manages a portfolio of more than 250 rental units and 300 customers which is valued in excess of £40m. Its investment portfolio also stands at £40m with a target of expanding this to £60m.
Over the past year or so Nicholson Group has tripled its headcount for 24 with another recruitment drive now in the pipeline. It is targeting projects across the North West, particularly those involving heritage conversions.
In early 2024 it completed its transformation of the former Merseyside Beechams HQ into a £4m residential and commercial development. Built in the 1880s, the Grade II-listed Beecham’s Building is a well known landmark in St Helens.
Now Paul says he is in talks with local authorities across the region about potential regeneration projects. He added: “We’ve been on a growth journey for the last three years during which we’ve experienced high growth in turnover.
“We’ve been growing quietly but the past two years especially, have seen us grow more rapidly led by a stronger team with a proven track record. We’ve strengthened our culture and as a result have bolstered the quality of our team through attracting better quality candidates.
“This has been a real key to accelerating our growth, investing in our people and creating a happy workforce. This is something we hadn’t really focused on previously but now we have, it has been instrumental in our growth across the group.”
READ MORE: ‘Liverpool must seize the day and get building’
Nicholson holds investments across multiple sectors including hospitality and education along with having a strong corporate social responsibility community impact in the areas in which it invests and adds value.
“There’s an exciting summer and autumn ahead for us too as we develop some of our most ambitious projects yet, which we’ll be sharing once they progress through their respective phases,” he added.