Mr Lang said he has agreed terms for joint venture residential and office projects in Manchester and will continue to target developments nationwide, with a focus on urban regeneration hotspots such as Bury, Rochdale, Oldham and other Greater Manchester towns, areas of Cheshire such as Northwich and Macclesfield, and the East Midlands.
It is funded by debt and equity and will seek residential, office and industrial deals valued at 5m to 25m. It has backing from overseas investors as well as people in the UK.
He has recruited a development director, Tim McCormack, and expects to make further appointments in the near future.
and have found they have fallen by up to 20 per cent over the past four or five months and they are now finding it difficult or at least uncomfortable to carry on acquiring land or sites."
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"It's a good time for us to enter the market, especially as we are cash rich and there may well be fewer buyers around," he said.
Mr Lang, 49, established Abito in 2004. Its schemes include apartments at Greengate, Salford, at Salford Quays, and in Sheffield and London.
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recent months. Some players who have enjoyed some good times are now geared up so heavily against the value of their assets Nike Air Force 1 Low All White
Infinity last February. They completed their first deal last month when they backed a new 27m invoice discounting business based in Castlefield.
At Infinity, he has teamed up again with three former colleagues at Manchester accountancy practice Levy Gee,
Lang makes first city deals
Mr Finestein said: "The property fund will undertake both development and investment projects, with a real commitment to innovation and sustainability.
"We are unencumbered by assets which have depreciated in value over Nike Air Force 1 Womens Grey
"Les's visionary approach and extensive knowledge across a range of property sectors, together with our significant financial expertise, will ensure the team is able to move quickly and decisively in capturing first class opportunities."
delivering more than 200,000 readers in Greater Manchester.
A surveyor by profession, he said the opportunity to join Infinity was too good to miss' despite fears that the property market is slowing.
where he led the property division. The trio managing partner Daniel Finestein, Sarah Platt and Phil Vickers established Nike Air Force 1 White Tumblr
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