Office expansion key to KR growth

Preston-based Key Retirement Group (KR Group) has revealed plans to expand its operation in the city.

The equity release specialist has acquired its third building at Midgery Court, its headquarters in Fulwood.

KR bosses say the growth is a result of market demand, with the equity release market doubling in size over the past three years and the number of employees based in Preston currently at just over 400 people.

Originally KR Group was situated at Harbour House at Preston Docklands. It moved to Baines House in Fulwood in 2013.

In 2017, the company expanded into the neighbouring building, Fleming House and this week the third building on Midgery Court was acquired.

Chief executive Simon Thompson said: “The company has enjoyed a prolonged period of growth and fully capitalised on the progression within the equity release market.

“The move into Turing House will enable us to expand and recruit across all aspects of the group as we are looking to hire new colleagues at all levels and disciplines.

“It is a fantastic time to be a part of KR Group and we are looking forward to an exciting future.”

The businesses says the new building will be home to its equity release advisory firm Key, housing a customer engagement team, estate planning department, business quality control team and the businesses referral arm Key Partnerships.