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News Release

London

Smiths Group Sell Former HQ at 765 Finchley Road, London for £10.8m

Residential Developers Galliard Homes & Albany Homes purchasers, Jones Lang LaSalle advise Smiths Group


On behalf of Smiths Group, the listed global technology company, Jones Lang LaSalle’s residential team have sold an office building and adjoining house on Finchley Road, NW11 for £10.8 million to a joint venture between developers Galliard Homes and Albany Homes.  The existing site, which sits on 1.55 acres, includes a 57,279 sq ft 1980's vacant office building and has potential for a residential led redevelopment, subject to the necessary consents.
 
Charles Holland, Director in Jones Lang LaSalle’s Residential team, said: “We are delighted to have acted on behalf of Smiths Group in the sale of 765 Finchley Road. The sale was transacted ahead of our planned schedule and on a wholly unconditional "without planning" basis. This provides further welcome evidence both of the return in activity in the central London development land market and that developers are once again prepared to act quickly to secure the best opportunities."