Our work - 21/02/2023

Selling a redevelopment opportunity in Camden

Our Office Advisory team disposed of a freehold interest on behalf of London Borough of Camden.

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The Challenge

  • Acting on behalf of London Borough of Camden, we were instructed to dispose of the freehold interest with full vacant possession following an abortive deal on a conditional sale.

Our Solution

  • The property was launched to market for offers in excess of £11m following an architect’s feasibility study and market-facing planning advice from our in-house Planning, Regeneration + Infrastructure team.

The Results

  • An unconditional sale to a local landowner/developer for £17,500,000 was achieved, representing an increase of 45% on the previous offer made.
  • Martin Olomofe, Head of Property at London Borough of Camden, said: “LSH were instrumental in achieving a great result for the London Borough of Camden and we are delighted with the results."

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