Property agents GVA Grimley have announced a profits and turnover surge as the firm benefits from the redevelopment of Birmingham.
And equity partners are p aying themselves big salaries.
The "exceptional perform-ance" for the 2005/2006 financial year, has seen increased profits across all areas of the business, including double digit growth in all its offices.
Birmingham has seen one of the strongest performances with a fee increase of 15 per cent to £21.9 million.
A total of 310 people work in Birmingham, up from 230 in 2000, and set to rise by another 10-15 this year.
GVA Grimley, founded in Birmingham but now national and international, notched a £114 million turnover, an increase of 22 per cent on the previous year.
Total profits increased £26 million after staff bonuses.
The staff bonus pool jumped 65 per cent from £9 million to £15 million.
Some 75 of the 135 partners are equity - the rest are salaried - resulting in average remuneration per equity part-ner of £346,000.
A limited liability partner-ship, the firm has an international franchise operation, GVA Worldwide, linked with GVA Williams, a big US firm based in New York and Chicago.
The fee base for 2005/2006 was broadly - 33 per cent transactional, nine per cent asset management and 58 per cent consultancy.
Within that are a host of teams such as industrial, motors, healthcare and others.
The past year has also seen a number of strategic mergers by GVA Grimley as part of the firm's continued expansion.
It now has twelve offices nationwide and, most recently, announced mergers in the North East and Scotland.
Chief executive Bob Barnett who, until his 2005 appointment headed the insolvency team in Birmingham, said,
"We have enjoyed another tremendous year, building on the continuing success of previous years and establishing the business as one of the industry's best performing and most successful property advisers.
"This year we have continued our strategy of business expansion through the acquisition of niche practices in different market sectors as well as organically growing the business through the national business teams."
Malcolm Gloster, regional senior partner based in Birmingham, added: "We have had a fantastic year in winning new business in both the public and private sector, while it is very gratifying that existing clients continue to instruct us for strategic prop-erty advice.
"We have a recruitment policy which is geared towards finding the most ambitious, high performing professionals in the industry, providing them with an environment for their talents to prosper, and for their commitment to be recognised. As a partnership, our people share in our success and in our growth."
In Birmingham the consultancy division showed significant growth bolstered by work for the Ministry of Defence which is run nationally largely out of the city.
The healthcare team, which handles the likes of nursing homes, was up 20 per cent.
The industrial agency arm, whose work included two huge shed deals, one for 420,000 sq ft in Corby and a 300,000 sq ft project in Nuneaton, was up more than 40 per cent.
The investment market was also up around the same amount, buying and selling properties worth £200 million over the year.
Among the residential team's work is business with British Waterways on Diglis Basin, Worcester, where Taylor Woodrow is to build 400 canalside homes. Nationally the business rates team has saved 1,350 clients some £500 million over five years. GVA Grimley has confirmed three senior internal promotions.
Jessamy Venables and Paul Farmer, both members of the firm's healthcare team, have been promoted to partner. Craig Alsbury, part of the planning, development and regeneration team, has also been made a partner.
The appointments are part of a nationwide wave of internal promotions which has seen 15 employees made partner.
