The variety of work undertaken by our Corporate Asset Services team is growing by the month, but at 9 acres, this certainly ranks as the largest site we've sold in recent years.
Comprising three adjacent parcels of redundant land formerly occupied by Powergen, the site occupies a strategic and highly visible location on the edge of Ashford town centre. Whilst the land has a historic consent for 1,000 residential units, contamination and infrastructure problems will have to be overcome. Acting on behalf of the Receivers appointed by Israel Discount Bank, our task was to locate a buyer after a West End agent had failed to do so. Rather than undertake a public marketing campaign, we directly approached a host of established firms with the credentials to take on such a project. Unconditional contracts were exchanged with a national property company in August 2015, and we understand the buyers propose a major mixed-use development scheme.
Our Corporate Asset Services team undertakes asset management and disposal work for banks, building societies, receivers, funds, institutions, charities and local authorities. We're always happy to offer free advice on how to maximise the value of a single asset or portfolio. Better still - we operate nationwide!
