JV ends for St James Securities
PROPERTY developer St James Securities and investment company CTP have ended their joint venture.
CTP, the Manchester-based property development and investment company, has bought St James Securities out of the joint venture for an undisclosed sum.
The split has been described by the two parties as being amicable, with the joint venture’s assets being distributed between the two developers.
The partnership has delivered a number of successful projects over recent years, and built up a reputation for completing urban regeneration schemes in partnership with public sector bodies.
Completed schemes include 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.”
St James Securities was advised on the deal by solicitors Jonathan Asquez and Joanne Fearnley from Yorkshire law firm Gordons.
