Limerick-based Leahy, who made his fortunes in the Irish parcel delivery business and is best known for buying the Ask-developed Bauhaus office scheme in Manchester in 2004 for £20m, launched Vision Developments this week.
Cliff, who left Ken Knott’s Ask last month, said the partnership would combine his development skills with Leahy’s investment expertise.
He and Leahy already have two projects under way in Manchester and Liverpool.
In Liverpool, Cliff and Leahy have formed a joint venture with Huntsmere to create a mixed-use scheme on Crosshall Street in the centre of Liverpool, comprising 70,000 sq ft of offices for lease and purchase, and a 50-bedroom boutique hotel. The scheme’s estimated value is around £40m.via PropertyWeek 2009