Historic property magazine to close – London Wallet

Property industry news provider and data business EG has announced it will be closing down next year.

An announcement by the group’s parent company said: “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.

“After serving as a partner to the UK commercial real estate industry since 1858, the decision to close the EG business, which includes the EG magazine, EG Radius data business and EG Propertylink listings business, has not been taken lightly.

“However, the headwinds that have struck the whole of the commercial real estate industry hard have had an irreparable impact on the EG business.”

Managing director Chris Fleetwood commented: “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.”

He added: “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. We have worked hard to fortify the business but have unfortunately had to make this extremely difficult decision.”