Adam Higgins is to leave Property Alliance Group to set up his own business, Capital Properties, focusing on the food retail and hotel sectors.
During his three years with David Russell's Alliance, Higgins worked on the £35m Axis office tower joint venture with Development Securities, as well as the recent land deal for a 35,000 sq ft Sainsbury's in Todmorden town centre and a new 193-bed hotel for Premier Inn in central Manchester which is due on site this month.
Higgins said: "I've enjoyed working with David and he has always known of my ambition to set up a new property company from scratch. Last summer I decided the time was right to make the move and I have been finishing off one or two deals with Alliance before setting up Capital. The company will very much focus on the food retail and hotel sectors initially, both of which have remained resilient over recent years and still have great growth potential to come."
Higgins worked at Peel Group and Ask Developments prior to joining Alliance, based in Trafford Park.
Russell said: "In a difficult market Adam has produced significant profit for the Group and I wish him well. Alliance remains very ambitious and we are already talking with Adam about one or two opportunities which fit well within our broader proposals to significantly expand the Alliance Group."