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Niche property firm McGuinness Finch is closing its Leeds office, leaving the outpost’s four partners to set up their own practice.The new practice will be called The Frith Partnership, after the Leeds lead partner Barney Frith and is expected to be up and running by the end of December. But it will have to find new premises as McGuinness Finch is selling the offices to an undisclosed buyer.Senior London-based partner Colin Kearney said a split had been on the cards for some time and had become inevitable after a “good commercial offer” had been received for the property. He added that the Leeds connection was unsuccessful due to difficulties in feeding work between the two offices. He said the move was positive for both arms of the firm and would not be problematic as there were provisions for it in the partnership deed.Kearney said both offices had operated in their own right for some time with clients also divided between the firms. Among the 12-partner London office’s clients are Tesco and Invensys, while Leeds’ clients include Asda and Redrow.In September, the firm’s founding partners, Keir McGuinness and Stephen Finch, departed after disagreements over strategy.McGuinness will join DJ Freeman as a partner on 6 December.

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