London commercial property firm launched by real estate company management team

A new property company has been launched by the former management team of an international real estate services firm.

Situu, based in London, was launched by four senior position holders from commercial property firm JLL - Harry Murphy, Peter Hall, Dan Brown and Tom Leahy.

The company was conceived when each of the founders wanted to pool their collective experience and create a “new and unique” business model that would make a positive impact on both tenants and landlords in the capital.

Dan Brown commented: “Recent years have seen a significant shift in the sector. A huge growth in flexible offices, coupled with our vast experience in assisting landlords in delivering flexible solutions to tenants, presented us with an opportunity too great to miss.”

Tom Leahy added: “With Situu, we have created a true, cross-discipline agency.

“With Harry and Peter’s 25 years experience in the leasing world, along with my own and Dan’s additional 25 years in the growing flexible office market, we can work with our clients to provide the appropriate advice across the spectrum - giving Situu a competitive advantage over commercial property firms which do not specialise in all aspects.”

Harry Murphy, whose primary role is to expand the landlord side of the business, said: “Employees no longer need work in central London five days per week, but businesses still want to maintain a central London base with flexible, shorter leases.

“Crucially, operating as a small agency gives us a creative edge on how we can structure and adapt a deal to ensure all parties’ business interests are optimised, which is essential in this current mid-pandemic climate.”

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