Estate Office Property Consultants, one of London’s last remaining independent investment and development agencies, has completed a management buy-out of its founding directors, Nicholas Cowell and Adrian Levy.
The firm will be led by directors Chaim Aziz and Daniel Minsky, and it said its business in residential and commercial property services will continue as usual.
Cowell and Levy founded the firm 1983. It has advised on more than £1bn of property transactions in the past five years. The pair will continue working together at Cowell’s firm Cowell Group.
Aziz said: “The buy-out comes at a time that is right for both parties, allowing each to focus on their strengths: Estate Office will focus on agency services while Nicholas and Adrian can focus on acquisitions under a separate outfit.
“We have a loyal client base and this clean break will allow us to deliver further growth, particularly with inward acquisition into the UK for overseas investors – a key business area for us.”
• To send feedback, e-mail karl.tomusk@estatesgazette.com or tweet @ktomusk or @estatesgazette
