Marsh & Parsons, LSL’s flagship London brand, has restructured its Land & New Homes division with a number of people leaving the business.

The Land & New Homes office was on Oxford Street, but the business has now been moved to Marsh & Parsons’ front office locations, allowing the lease to be ended.

A Marsh & Parsons spokesperson confirmed that “any change is not a result of current challenging market conditions and is in no way linked to other changes at LSL”.

LSL is chopping jobs and branches at its Reeds Rains and Your Move brands, but its statement to the stock market last week specifically excluded Marsh & Parsons from the changes, instead saying that there would be more branch openings.

The London firm’s spokesperson told EYE yesterday: “Marsh & Parsons continues to implement its well established strategy of expanding its branch network.

“When LSL acquired Marsh & Parsons in 2011, it had 12 branches.

“Today the Marsh & Parsons network has been expanded to 28 branches.

“The Marsh & Parsons strategy remains to continue to expand the number of branches to 36 in the medium term, with a focus on locations outside prime central London.

“Marsh & Parsons has conducted a review of its Land & New Homes team and as a result of the review, a decision was taken to end the lease at New Oxford Street, its administrative premises for Marsh & Parson’s Land and New Homes division – and accommodate these activities into its front office operations.

“As a result of this restructuring a number of people have left the business.

“We retain confidence in the long-term health of the land and new homes market and will continue to focus on winning instructions that are attractive to our expanding database of clients.”

Although exact numbers of departures have not been given, it is understood that three lead members of the Marsh & Parsons Land & New Homes business have left – Charles Holland, Rory Cramer and Alex Greaves.