Online estate agent eMoov says it is looking for a new HQ after the company revealed that its premises are to be turned into flats.
eMoov, which has been at its offices in Brentwood, Essex since the company started up in 2010, says it will have to move out of its 3,500 sq ft HQ when the lease on New North House (pictured, right) expires at the end of this month.
CEO Russell Quirk says recent changes to planning rules that allow councils to approve more offices being turned into homes, means the company’s offices are to soon become a dozen apartments after permitted development rights were granted by local planners.
Russell (pictured, left) told the local paper that, because of the change of use for the building – and a lack of office space in Brentwood – meant the business and its 45 headquarters staff would move to London.
“Brentwood is my home and has been the home of eMoov since we launched in 2010,” he said.
“Sadly, it’s looking like it can no longer be such for expanding businesses given the propensity for office owners to convert their assets to residential now that the Government has allowed Permitted Development rights to convert all and sundry to flats.
“It’s now leading to a huge imbalance in the mix between flats and office space in the town centre and I fear will end up resulting in an exodus of businesses and therefore job opportunities from Brentwood. That’s hardly good for local employment prospects.”