Warner Cranston has created a commercial property department overnight with the recruitment of two property partners from Dibb Lupton Alsop.
Until now Warner Cranston, had only one commercial property partner, Duncan Edwards, who worked in the company and commercial department.
New additions, the London-based Dibbs' partners Peter Davis and Lawrence Radley, will set up a new property department.
Davis and Radley worked together at City firm Adlers from 1980 and carried on working together after the Dibbs take-over four years ago.
Name partner Michael Cranston has been a close friend of Peter Davis for years and Davis and Radley said that their decision to move had nothing to do with Dibbs' recent merger with Alsop Wilkinson.
Radley said: “We had been in discussions with Warner Cranston before we even knew about the merger. It's a good move for Dibbs but this is a better move for us. It's an exciting opportunity for us joining a firm not widely known for its property work and using the contacts we have to bring property up to scratch in terms of profile.”
Davis said he had been attracted by Warners' “international dimension in terms of client base and mentality”. Warners has French and US inward investment departments.
Peter Alfandary, Warners' business development partner, said that the property boom had meant property work now accounted for between 9 and 10 per cent of the firm's turnover.