EG, now a property news and intelligence service and best known for the former Estates Gazette magazine, is to close.

The group’s parent company will withdraw all EG data products and services from the market during 2025.

It’s been operating under different formats since 1858, serving mostly the commercial property community. Today the group consists of the EG magazine, EG Radius data business and EG Propertylink listings business.

A statement issued over the weekend says: “The headwinds that have struck the whole of the commercial real estate industry hard have had an irreparable impact on the EG business.

“The business will continue to serve its customers through 2025 and would like to take this opportunity to thank every customer, partner, reader, event attendee for their support over the last century-plus.”

Managing director Chris Fleetwood adds: “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 concludes: “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.”