Overseas growth has been a highlight for Broadway Malyan in 2018, with milestones including the completion of its first building in North America, the Miami Cruise Terminal. Architectural fees from its overseas offices rose from £13.7 million to £17.2 million.
‘For a long time we’ve had a crude 50/50 split between UK and overseas work,’ says interim managing director Ian Apsley, ‘but this year we’ve started to see a better rate of growth outside the UK, and over the next few years we’ll see that continue.
‘We’ve had a very good year in the Asia Pacific region, where we have three studios that are all doing very well.’
The practice is looking to expand in Indonesia, Vietnam and in Thailand, where it is particularly busy in the education sector. The practice is currently working on 16 projects in the ‘growing and very exciting’ international school sector in the region, including many in China. It recently moved into a new Mumbai studio with scope for expansion.
In Europe, Broadway Malyan is well-established in Spain and Portugal, where it is planning to grow its hospitality and workplace projects.
Despite reporting a lack of confidence within the UK market, Apsley describes the practice’s UK business as ‘fairly resilient,’ helped by its 65 per cent rate of repeat clients and by continued activity in the higher education sector. Recent completions include a London campus for publisher Springer Nature at King’s Cross and the fit-out of the One Blackfriars residential tower. The practice is hoping for a similar performance in 2019.
‘We’re setting a fairly conservative budget in the UK, and in Europe and in Asia we’re setting a growth budget,’ says Apsley.
This summer will see a major change for the practice when Broadway Malyan moves its headquarters from Weybridge in Surrey to new premises next to Waterloo Station.