The Momentum Group founders outline three key challenges facing property sector – and set out plans to grow after “landmark” year

There are three key challenges facing the property sector at the moment, according to the co-founders and directors of Liverpool-based The Momentum Group, who spoke to Insider about their “landmark” year, and how they aim to diversify the business.

Chris Bliss and Chris Renshaw established the business, which secured B Corp certification last year, in 2018.

They explained that, despite a successful 2024, key challenges remain, which include: “Securing resources in the right place at the right time; sustainability, and skills shortages within the construction sector.”

To tackle the resource needs, the business has identified “new regions of interest the team is quick to develop relationships with local supply chains, meaning when we ‘go live’ on a project, we already have contacts and resources to ensure a fast and effective start”.

Sustainability, the founders said, is a more “difficult area” as project materials and specifics are decided by the client.

“Our focus is to ensure that our division directors are as educated as possible on new technologies and materials to advise clients on sustainable options. We also act sustainably at all times as a business and are very proud to have achieved B Corp certification”, they added.

“To play our part in addressing the construction skills shortage, we are committed to nurturing young talent from the community, and we have employed team members following work placements with The Momentum Group.”

Becoming B Corp was one of the property firm’s “most significant achievements”, and the business will “make it clear to clients and supply chain partners how importantly we regard sustainability and behaving responsibly at all times”.

The certification was secured in what Bliss and Renshaw called a “milestone year” which will “go down in our history as one of our proudest”.

They thanked their “hardworking team” and noted: “In terms of growth ambitions, we are implementing strategies to continue to diversify regionally and across different sectors in the property industry.”

Momentum Manage has now taken on the management of a shopping centre in Guildford, while Momentum Advise has started work on Luton Point, giving it a “wider geographic portfolio”.

“Our relationships with existing clients are the driving force behind expanding regionally.”

Trends wise, Momentum’s teams are expecting to see “more and more work for pop-up shop fit-outs as both online and offline brands test the market for new concepts and physical stores to connect with their customers”.

“An additional trend in the retail space is the introduction of big-name retail groups consolidating multiple brands under one roof.”