The last week of March was manic, with several larger deals concluded before the end of the tax year and the onset of the Easter holidays.
One such transaction saw Clarion's former Bromley HQ sold to Rehoboth Property International. We were instructed jointly with Kalmar's to market the property; the client's brief being to conclude an unconditional sale before their year end.
Comprising more than 57,000 sqft of vacant offices across two buildings and a 1.3-acre site, interest was forthcoming from investors, developers, educational, healthcare and leisure operators. Ultimately Bromley's Article 4 directive that seeks to protect office accommodation proved a decisive factor, and the best offers came from office occupiers and providers.
RPI operate a smart office hub in the former Dartford Police Station and plan a similar offering from Bromley South. They were granted just 4 weeks of exclusivity at the end of February and completed their acquisition with time to spare.
Thank you to Clarion Housing Group for the business and to our friends at Kalmar's for their effective cooperation throughout.
PROJECT ADDRESS: Maple House & Linden House, 157-159 Masons Hill, Bromley, Kent BR2 9HY
