News • 19/06/2023
MAPP to become an Employee-Owned Business
Founder Nigel Mapp and David Clein to transfer their shares into an Employee Ownership Trust (EOT) to secure the long-term independence of the company.
EOTs are a government initiative aimed at promoting employee ownership, with MAPP joining other companies such as Mott MacDonald, Foster and Partners and Arup in giving its 625 employees the opportunity to take on the ownership of the business and have a voice in how the business is run.
MAPP currently manages around £25bn of commercial property throughout the UK for a variety of funds, REITs and other real estate investors and landlords.
The MAPP EOT will continue to channel a growing proportion of its profits to the MAPP Charitable Foundation, a grant-making registered charity focusing on young people, mental health and environmental initiatives nationwide.
Nigel Mapp said:
“In addition to delivering a market leading service and being as sustainable as we can, one of our three core objectives is to be a great place to work. Our commitment to that has been fundamental to our success and growth over the last 25 years and empowering the MAPP team to take ownership of the business we have built together is a major milestone on our journey.
The one constant over the last 25 years is that nothing stands still at MAPP, the business continuously evolves and pushes back the boundaries of how property in every sector is managed and we are justifiably proud to be leading the sector as it reimagines how
buildings are used, occupied and made relevant and sustainable.
The MAPP EOT secures the long-term independence of the business by putting it in the hands of those who live and breathe our values and are the architects and stewards of our reputation.
This is a natural progression for the company as we celebrate 25 years of MAPP and combined with the appointment of Louise means we are now looking ahead to the next 25 and the growth of the MAPP Charitable Foundation.”
Earlier this year, MAPP celebrated the arrival of its 600th employee,
marking a 25% increase in headcount since the end of 2021. MAPP now
manages circa 1,000 buildings valued at £25 billion and has in round
terms doubled in size since the start of the pandemic.