Birmingham property developer Stoford has appointed a new director and created two distinct brands - Stoford Developments and Revurban - as part of restructuring.
The firm, which has completed projects worth more than £200 million with a further £100 million in hand, yesterday said that Stoford Developments would concentrate on commercial schemes, while Revurban will focus on residential projects.
Stoford director Dominic Stokes said: "Whilst both companies have their own distinct identity, we can offer clients and customers all the benefits of a diversified operation, capable of advising across the board, on commercial, residential, mixed-use and property investment.
"This ensures we are better placed for the future, going it alone where necessary and providing us with a wealth of options and opportunities in the times ahead."
Dan Gallagher, who joined Stoford from Savills in 2003, has also been promoted to the board.
His contribution to the company's growth in the commercial sector has added to a portfolio including 600,000 sq ft of warehousing and pre-let office space on a series of industrial, warehouse, retail and business parks throughout the Midlands.
Revurban specialises in urban brownfield regeneration. Its current focus is on developing sustainable residential and mixed-use schemes and already it has several projects under its belt including its award winning Garden Court scheme in Edgbaston.
The company also has some 650 new homes planned as part of mixed-use schemes being developed from Cardiff to Cambridge.
Mr Stokes added: "We have grown in stature and widened the net and we now have the experience and financial credibility to back our own speculative ventures.
"The size of current projects together with the calibre of partners we can now attract provides clear evidence of the company's coming of age as a genuine player in the commercial and residential sector."
