Cambridge-based Bidwells saw profits jump by 46% to £8.2m in its most recent accounts.
The LLP said it had generated £48m of fee income in 2017 and the biggest year-on-year increase in profits it had ever reported.
Bidwells said the profit hike reflected investors’ increasing willingness to divert funds from London to regions seeing expansion of high-growth businesses, such as Oxford, Cambridge and Milton Keynes.
Cambridge had the fastest-growing city economy in the UK across the third quarter of 2017 (year-on-year growth of 2.2%), according to the latest UK Powerhouse study produced by the Centre for Economics and Business Research.
Bidwells senior partner Patrick McMahon said: “Bidwells’ record profit figures are a ringing endorsement of our Golden Triangle strategy.
“More than 80% of our work is now concentrated in Oxford, Cambridge and London and this financial success is testament to our teams’ sector-leading work in our chosen markets.
“Investors are increasingly looking outside the capital, following a ‘new economy’ driven by science and technology, and located around clusters of innovation in the UK’s best-performing cities.”
To send feedback, e-mail Samantha.McClary@egi.co.uk or tweet @Samanthamcclary or @estatesgazette
