Advising a private investor client on the disposal of the high-tech R&D Grove Business Park, Hanover Green turned around the sale within 2 weeks from instruction to launch to market.
The 32 acres site had over 100,000 sq ft of existing buildings with planning consent for a further 186,000 sq ft and included a business centre operating on a Management Agreement. Having rapidly bought the building to market and working closely with 3rd party advisors on the pre-sale due diligence to ensure a comprehensive sale pack was available for review, Hanover Green undertook a wide marketing campaign and quickly shortlisted a number of serious parties before undertaking a bidding process.
Significant competitive tension allowed us to advance pricing well ahead of client expectations and select a preferred bidder and hold them to a tight legal timeframe to successfully conclude the sale.
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