Unity developer moves on

Mike Stares, development director of Capital & Provident, developer of the Unity and 20 Chapel Street towers in Liverpool, is to leave the business after eight years.

Stares said in an email to contacts on Friday: "I have decided to take up a new challenge and will be joining K2 Group from next week, where the successful K2 Consultancy team is headed by John Setra and Matthew Loughlin, to establish K2 Developments which will complement the existing consultancy company by providing full development management consultancy services to all property owners, investors, or potential owners and investors whether this be for a single asset or large portfolio."

Stares was a high-profile character during the boom years of regeneration in Liverpool. C&R subsidiary Rumford Investments built one of three grant-funded office developments that helped kick-start the city's commercial district, along with English Cities Fund's St Paul's Square on Old Hall Street and Teesland's City Square in Moorfields.

However, despite completion in 2006, Rumford's 155,000 sq ft office building let slowly and has never before fully occupied. Tenants include Liverpool Football Club, Barclays Corporate, Barclays Wealth, Bank of Ireland, Broadway Malyan, Ernst & Young, Panmure Gordon, Charles Stanley Financial Services and Plexus Cotton.

K2 has offices in Clerkenwell, London and Gatwick Airport.

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