Sykes Cottages, the UK’s largest independent operator of UK holiday rental properties, backed by Livingbridge, has confirmed its relocation to One City Place – the flagship office scheme by Muse Developments in partnership with Cheshire West & Chester Council.
The fast-growing firm, which has been based in Chester for over 25 years, said the new location was a key part of its ongoing investment strategy to support its expansion.
Sykes has signed a 10-year lease for 24,000 sq ft over two floors at the state-of-the-art building – more than double its current space – which is equipped with next generation IT security, high-speed fibre and microwave internet technologies.
Earlier this month, Sykes – which manages over 10,000 holiday rental properties – reported annual sales of £27.3m for the year ending September 2016 – an increase of 24% – with bookings in the year to date also up 23%. It expects to serve over 1m holidaymakers this year, up from 815,000 last year, and plans to increase that further to 2.5m, by 2020.
Graham Donoghue, CEO of Sykes Cottages, said: “One City Place ticked all the boxes for a high-growth, technology led business like ours, giving us access to talent from across the region thanks to its excellent transport connectivity and a location that’s both tech enabled and sustainable.
This is a major piece of our investment strategy and will help us deliver our commitment to being best choice for property owners, offering the best experience to customers and operating the best brand and platform in the market. It’s a fitting head office for our vision and ambition of being the number one provider of UK holidays.”
Founded 26 years ago, Sykes Cottages is one of the best-known brands and most respected operators in the holiday cottage rental agency market, having won the British Travel Award for best large self-catering agency for four consecutive years.
Sykes’ Founder and Chairman, Clive Sykes, has also just been shortlisted for Entrepreneur of the Year at the Lloyds Bank National Business Awards 2017, recognising his contribution to the business’ financial performance and culture.