Having worked on both sides of the fence with and for Curchod & Co I can confirm that they run an efficient, friendly business and are very experienced and tenacious.
Guilbert House, Andover - Sold to McCarthy Stone
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.
The challenge
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.
Our approach
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.
The result
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.”
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