Despite tough market conditions in 2020, this sale was made at less than a 10% reduction of the quoting price set prior to the outbreak of Covid-19 in March..
Jon Rea-Palmer, Associate Director at LSH, commented:
“This was an exciting project to work on with several different potential purchase angles to consider. Working closely with clients, Optivo, we identified several purchasers who would be interested in repositioning the vacant offices with asset management and development potential. We subsequently concluded the sale to Lipman Properties at an excellent price given this year’s unimaginable market conditions. This is an exceptional result which we are extremely proud to have assisted Optivo with.”
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