The new way to relocate
Thu 31 Jul 2014
Its summertime, which means London is welcoming hordes of high-net-worth families in the time for the new school year in September.
Relocation agents are working overtime during this changeover to help the outgoing crew move out and the arrivistes blend in. As trends in the relocation business morph and corporations cut back on generous relocation packages, estate and lettings agencies are grabbing a bigger slice of the relocation pie (while continuing to do business with the old relocation agents).
Marsh & Parsons is one of myriad London agencies that now have a corporate and relocations wing. The department works with a number of businesses of varying size, providing comprehensive- and entirely complimentary- home search and relocation service for companies relocating staff to London. Generally, they team up with human resources and global mobility departments to provide a more seamless experience. "Increasingly, expatriates are not receiving a traditional location package, whereby they get support from a designated relocation agent," says Simon Wood, Marsh & Parsons associate director and head of corporate. "Instead they are given a lump sum allowance and make their own choices about providers.
In the last year we have seen a 22 percent increase in new enquiries and a 12 percent increase in corporate tenancies from expatriates not using a relocation agent." Support for a move can range from anything from international removals through to financial services and education consultancy, mainly through preferred contractors.