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Place North West | Payne: No drama in Nikal split

Dan Whelan The former managing director left to pursue other interests, as the company prepares to roll out a revised business model that will see it move away from development towards a more investment-led approach.  Nick Payne, who co-founded developer Nikal Group with Alan Murphy in 2003, told Place North West that his departure from the company at the start of the year had been amicable.  “I spent 18 years at Nikal and it seemed like the right time to go and explore new ideas before I get too old,” he said.  “I can’t give you any drama. I have a burning desire to explore new ideas and opportunities and they are looking for a slight change in direction. I wish them all the best going forward.” He is now in the process of setting up his own company. 

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