THE founder of Eric Young & Co has set up a new commercial property consultancy with three colleagues.

Eric Young and directors Andy Bain, Tom Forster and Anna Hansen have set up the new agency Orinsen, and Eric Young & Co continues to operate under existing partners.

The Orinsen team will focus on a number of core areas in the retail and mixed-use commercial markets initially, with the expectation that this will broaden into wider markets in the future it said.

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Mr Bain said: “It is an exciting time and the move has been very well received across the market so far, which is very positive and shows there is a real appetite for the approach we are taking.

“We are a close team which has worked very well together for a number of years and we look forward to continuing that collaboration along with our clients into the future.”

Mr Young founded the company in 1983. Two further administration staff are also based in the Edinburgh George Street office, with expansion plans under way.