London & Scottish Property Investment Management Ltd (LSPIM) is a co-investing property development, property management and asset management business with over £1 billion of assets under management. Read more about how we worked collaboratively with LSPIM to deliver this property disposal project.
We were initially appointed by LSPIM to dispose of a key 35,000 sq ft headquarters-style office on a 2.2-acre site located in Meridian Business Park, Andover.
This is how we approached this project to ensure a smooth and streamlined process from start to finish:
Providing LSPIM with strategic advice throughout on the occupational market, i.e., demand, rental and capital values, building specification, etc., and potential for the property to be redeveloped by obtaining prior approval for conversion to residential flats to assist with the sale of the freehold.
Undertaking a comprehensive marketing campaign targeting local and regional occupiers on both a leasehold and freehold basis and developers.
In conjunction with the joint agent Acuitus, introducing the buildings to McCarthy Stone.
Working closely with Acuitus, we successfully negotiated the sale of the freehold of the property to McCarthy Stone. On the overwhelmingly positive completion of the project, Keith Enters comments, “Guilbert House is a prominent building and a rare freehold in Andover. The interest generated from the marketing campaign from a range of interested parties, including owner occupiers, investors and developers, demonstrates the strength of the market for prime freehold opportunities in the region.”
Want to find out more about what services we offer? Get in touch today.