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Case Study

Residential Investment Team Continue to Succeed

GSK Beckenham - Residential Investment DealGSK Beckenham, The Frythe & Ulverston 

On behalf of GlaxosmithKline the Residential team have sold three sites on an unconditional basis.
- Beckenham a vacant R&D site of 26 acres sold for £23m to Essential Land/Delancey
- The Frythe, Welwyn a site of 47acres sold for £15m to Lands Improvement Holdings
- Ulverston a 1.5mile canal sold to a specialist land owner

The Jones Lang LaSalle Residential team has also seen key successes which include; Kensington Court a block of 4 apartments let to tenants, sold for £10m to a Malaysian investor; Roden Court a block of 44 apartments purchased for a private investor for £11.5m. For more information on these and other deals please contact Jack Simmons +44 (0)20 7399 5531.

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