CTP unwinds joint venture with St James’s Securities

MANCHESTER-based commercial property developer CTP has announced that it is to unwind its partnership with Leeds-based St James’s Securities.

The firm has bought St James’s Securities out of a joint development company for an undisclosed sum, with the company’s assets having been split between the two firms. The split has been described by the firms as amicable.

The pair had successfully developed a number of complex urban regeneration schemes together since forming the partnership in the mid-1990s.

The firms would typically work with public sector agencies and had completed schemes such as the Round Foundry in Leeds, the Waterfront Wakefield development in Wakefield and the St Paul’s Place development in Sheffield.

In a brief joint statement on the split, Oliver Quarmby, a director of St James Securities, and David Topham of CTP, said: “We have achieved a great deal together during the past decade, but we both felt that this was the right time to go it alone.”