Preston-based Key Retirement Group (KR Group) is celebrating its expansion into Turing House, its third building at Midgery Court at its headquarters in Fulwood, Preston.
Over the past two decades KR Group and its brands have evolved and grown enormously, united with the same goal of improving customers’ finances in retirement. 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 however in 2013 the business decided to move to Baines House, Fulwood due to needing more space. In 2017, the company expanded into the neighbouring building, Fleming House and this week the third building on Midgery Court was acquired.
The expansion into Turing House will be the epicentre for the company’s equity release advisory firm Key, housing a customer engagement team, estate planning department, business quality control team and the businesses referral arm Key Partnerships. Fleming House will be the home of more 2 life and Baines House will house the Group’s service functions.
Simon Thompson, CEO at KR Group, 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.”
Will Hale, CEO at Key, said: “This is an exciting time for us, as Turing House is dedicated to Key and its future growth and development. This will enable us to recruit more staff to meet the demands of the growing business, giving the company space to develop in line with the equity release market.”