Tony Lorenz, a founding partner of Dunlop Haywards, is to leave the Erinaceous-owned property agency to launch his own consultancy.

Lorenz formed Baker Lorenz in 1972. In 2001, it was sold to Hercules for around £8m before it merged with Dunlop Heywood.

Hercules was then bought by Erinaceous, which inherited Dunlop Heywood Lorenz, which was subsequently renamed Dunlop Haywards.

Lorenz, who is executive vice-chairman at Dunlop Haywards, will work as a consultant for Erinaceous.

Lorenz said: ‘Staying where I am has strong appeal. However, it is in my blood to do my own thing and I now want to run my own show. The board has been very sympathetic to my aims and ambitions and we have mutually agreed an ongoing relationship between our two companies.’

Lorenz is a well-known industry figure and has specialised in professional work involving rent reviews, lease renewals, investment restructuring and property litigation.

His clients include Grosvenor, GE Capital, Thames River Capital, Derwent Valley, Lazari Investments, Associated Press, Conran, the Tote and Thomas Cook.