A property development and investment business has undergone a change of ownership following a management buyout.
Kevin Sharkey has acquired full control of Birmingham-based Key Land Capital after buying the 50 per cent share owned by his former business partner and co-founder Alex Sutherland.
Mr Sutherland has now in turn acquired the 100 per cent share capital of manufacturer Performance Window Fabrications from Key Land Capital.
Mr Sharkey said: “This marks the beginning of a new era for Key Land Capital and we have some exciting developments in the pipeline.
“We are focusing on reaching a new audience for our property investment opportunities by embracing cutting-edge technology and taking advantage of the digital transformation of the property industry.
“I am excited at the prospect of developing Key Land Capital through a targeted focus on proptech, smart buildings and real estate fintech and how this new and emerging technology can be applied to add value across the real estate sector.
“Key Land Capital is positioning itself as an innovator and disrupter within the industry.
“We have exciting plans for the future and the current crisis hasn’t dampened our ambition.”
Key Land Capital is a property development and investment company focused on residential and commercial sites across Birmingham and the West Midlands.
The company is now planning to expand its residential and commercial property portfolio nationally through a combination of acquisitions and developments.
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Mr Sharkey added: “Alex and I each had our own specific expertise – Alex on the operational businesses and myself on the property development and investment projects.
“We can both be proud of what we achieved but this buyout gives us each the focus and opportunity to develop our own specific business interests.”
Last year, Key Land Capital teamed up with Birmingham-based Urban Village to form a new joint venture focussed on delivering high-quality residential developments across the UK.