Tim Taylor, director of office agency at Atisreal in Manchester, is in consultation over his redundancy as the firm cuts costs in response to the downturn in the market.
Taylor is one of three directors in the Manchester office. The other two, Sara-Jane Preston and Brendan O'Herlihy, both in industrial agency, will remain with the business.
No date has been set for his departure, Taylor said today, adding: "It's part of a global cost-cutting exercise due to the state of the market. There's no point getting bitter and twisted about it."
He added that he had "irons in fires" and hoped to make an announcement on his future soon. Prior to Atisreal he worked for Hartnell Taylor Cook and Jones Lang LaSalle.
Two other members of office agency, a surveyor and graduate, will also remain with Atisreal in Manchester, where the firm employs around 30 people. A national spokeswoman said there were no plans for further redundancies in Manchester.