Property entrepreneur Sir Tom Hunter has entered the regeneration sector after buying a stake in the Manchester-based firm Inpartnership.
Hunter’s firm West Coast Capital said last week that it had bought the 50% share previously held by Paradigm Real Estate Managers, which is co-owned by chartered surveyor Montagu Evans and Stagecoach founders Ann Gloag and Brian Souter.
Paradigm formed Inpartnership in 2001, with Graham Hogg and Duncan Sutherland, who retain their 50% stake. Paul Davidson and Sharon Seales of West Coast will become directors of the firm. West Coast’s entry into regeneration follows its recent acquisitions of Crest Nicholson and McCarthy & Stone.
Inpartnership’s biggest project is the Chelmsley Wood council estate in north Solihull.