The chairman of East Midlands property agency Innes England has left the company after 21 years to focus on his own advisory business.
Tim Garratt stepped down from his role at the end of last year to run his new company, Blackstar Advisory.
Managing director Matthew Hannah said Garratt would continue to provide services for more established clients via Blackstar.
Hannah said Innes England would “be working jointly in some instances to deliver agency and related services”.
He said: “We would like to thank Tim for his huge commitment to Innes England, which spans more than two decades. He has been a well-known figure in the East Midlands property scene and we wish him well.
“Tim has been working on some projects away from our business, including some large strategic land holdings and on potential acquisitions in the United States.”
Garratt, who also served as managing director at Innes for five years before making way for Hannah, said in a LinkedIn post: “I have worked with some amazing people and thoroughly enjoyed the challenge of running the business as MD for nearly five years, but it is time for a new challenge and my new business is born.
“Blackstar Advisory will be helping a small number of my long-standing clients with their property issues.”
In a statement, he added that he knew that after stepping down as managing director at Innes he would need to let remaining directors “run the business as they wanted to”.
