Estates Gazette bids adieu after
166 remarkable years
FEATURES / 7 DECEMBER 2024
Shockwaves rippled through the property industry yesterday afternoon as Estates Gazette (EG), the long-standing pillar of commercial real estate media, announced it will cease operations in 2025. After an extraordinary 166-year run, this decision marks the end of an era for an institution synonymous with insight, data and innovation.
Renowned for being a “trusted source of data and intelligence in the commercial real estate industry," EG’s closure signals a profound shift in the landscape of property media and data services. As we bid farewell, Flex and The City pays tribute to the iconic publication, reflecting on its monumental contributions and the significant void it will leave behind.
A Storied Legacy
Founded in 1858, Estates Gazette began as a property journal and grew to encompass a comprehensive suite of offerings, including the EG magazine, EG Radius data platform and EG Propertylink listings business. Over the years, EG became a touchstone for the commercial property market, delivering news, insights, and intelligence that shaped the sector. Its influence extended far beyond journalism, becoming the first contributory database for the property market—a hallmark of innovation at its peak.
However, the group’s parent company has taken the tough decision to start the process of withdrawing all EG products and services from the market during 2025. According to Managing Director Chris Fleetwood, the decision was driven by mounting challenges: “The past few years have been very difficult for the real estate industry as a whole, and EG has been caught in these headwinds too”. Chris described the closure as a tough but necessary decision, poignantly yet proudly acknowledging the publication’s place in history:
“EG has been such an integral part of the UK commercial property market for such a long time, so this decision has understandably been very hard. However, we are immensely proud of all that the business and its people have delivered over the many, many years, from being the property journal of choice to becoming the first contributory database for the UK property sector.”
A Changing Landscape
For generations, EG was more than a magazine. It served as an educational tool, a marketplace for deal sourcing, and a definitive guide for industry trends and research; connecting professionals, guiding investments, and amplifying conversations about the sector’s future.
And yet, it seems that as new technologies have evolved and the media landscape has shifted, EG has faced increasing competition and the growing pains of adapting to new business models. Despite valiant efforts to innovate and “fortify the business”, economic headwinds and a rapidly changing market have proven insurmountable.
EG’s departure not only closes a profound chapter but underscores the pressing need to constantly reimagine our roles in a forever-shifting environment. In other words, the closure of EG markedly highlights the challenges facing traditional media in an increasingly digital and data-driven world.
A Legacy That Endures
As the property world says goodbye to a cherished institution, it’s a moment for reflection and gratitude. A powerful reminder of the enduring value of thoughtful journalism, a connected industry, and the timeless role of media in sparking innovation and insight.
In yesterday’s historic statement, EG expressed its acute appreciation “for every customer, partner, reader, event attendee” who have stood by its side for over a century and a half.
Though the curtain is falling, its impact will undoubtedly echo far into the evolving future. EG’s articles, research, and data have shaped countless careers and guided decision-making across the UK’s commercial property market. For Flex and The City, its legacy remains a testament to the power of media to inform, connect, and inspire.
Written by
Flex and The City