Malcolm Gloster, regional senior director for GVA Grimley's Birmingham office, is stepping down after more than 10 years in the post.
It follows a record-breaking year for the firm both nationally and in the Midlands and marks the end of a long and successful tenure.
Taking over the reins at the top will be Ian Stringer, who has been with the firm for 25 years.
Midlands-born he attended Redditch County High Grammar School before undertaking a BSc degree in Estates Management at Birmingham Polytechnic.
He joined Grimley & Son in 1983 and has been instrumental in the growth of office agency and development of the business.
He became a partner in 1989, equity partner in 1991, then head of agency in Birmingham before becoming national head of offices in 2000 until 2007.
For the last three years, he has been chairman of GVA Grimley, spending much of his time in London. His term ends in April, meaning he will be based back in Birmingham full time and taking a more active role again in the Midlands property industry.
He said: "With so many landmark schemes in the offing right now, it really is an exciting time to be focused back in the Birmingham office market.
"I am looking forward to taking on the responsibility of senior director for GVA Grimley in Birmingham and helping to shape the future of the firm here in the Midlands.
"My career has involved working on many of the region's most famous office projects, from the Waterfront at Merry Hill to Brindleyplace. I am confident that the developments we are currently working on will create further opportunities and prosperity for the region."
Over the last 10 years, GVA Grimley has achieved tremendous growth with the Birmingham office increasing from 230 to 340 staff in the period.
In the last annual figures for the year up to April 2007, GVA Grimley recorded £148 million in fees nationwide with the Birmingham office generating a 10 per cent year on year increase.
Mr Gloster believes this growth will continue.
He said: "I have thoroughly enjoyed leading the Birmingham office as well as being part of the city's professional scene and thriving business community that has gone from strength to strength. The transformation of the city has been exciting and the region has benefited from investment and enterprise.
"Ian has played a significant role in our development, is well-known already in the region and is a popular choice for the role. I am delighted for him and know he will relish the opportunity."
Mr Stringer takes up the role in May.
Mr Gloster, aged 59, will then become a consultant for GVA Grimley, specialising in development strategy and regeneration.
The appointment follows the restructure of GVA from a limited liability part-nership to a limited company in November last year.
The move involved mid-market private equity provider Lloyds TSB Development Capital investing £40 million to prepare GVA Grimley for the next stage of its strategic growth.
Over 65 per cent of the firm's fee income is generated through its consultancy services, which have grown significantly in recent years.
Mr Stringer said locally the firm saw itself as number one on consultancy and in the top two for industrial, offices and investment.
He went on: "It is about maintaining the strengths we have got. We have to try and stay close at or at the top of the pile."
To that end he sees public sector opportunities and on-going regeneration as leading to the work of the future.