Sale of 4 acres for redevelopment opportunity

We were instructed to advise and assist with identifying a buyer for the freehold site with vacant possession located in Canning Town. 

Available off-market, several offers of different structures were received, and our client agreed to sell the site to Barratts in March 2020.

Previously a timber yard, the sold property sits on a 4-acre (1.61 hectares) site (20+ years ago). In recent years, the construction site depot and vehicle storage have been cleared for a redevelopment opportunity.

The sale was exchanged to Barratt London in Q4 2021. Sold as a development opportunity on a subject-to-planning basis, Barratts are looking to deliver c.850 residential units, providing 35% affordable housing and c.20,000 sq ft of non-residential space. Barratt London was represented by Jigsaw Invest Ltd.