Savills was instructed to help Blackstone and Catalyst maximise value on exit of a shopping centre asset with significant residential development potential and with a complex tenure position.
Our shopping centre investment team provided ongoing advice over an extended period in respect of asset management initiatives to make the asset as marketable as possible. The team also worked closely with the Savills residential teams to capitalise on the residential development potential of the site.
The team ran a competitive bidding process, ultimately delivering a sale of the property for £141,500,000.