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News Release

London

JLL disposes of the Wandle Riverside Estate for £17m


​On behalf of a private consortium, the Residential Land team at JLL has disposed of the Haslemere Industrial Estate in Earlsfield for in excess of £17 million. Following influential work by the JLL Planning team in order to re-zone the 1.9 acre site, the Residential Land team conducted a comprehensive marketing campaign that enabled the land owners to secure an unconditional receipt for the terrace of industrial units situated on the banks of the River Wandle.

The property was purchased by developer First Base in partnership with Cordea Savills who are currently working on plans to deliver a £70 million residential-led scheme on the site. It is understood the proposed development will contain more than 100 residential units and feature a mix of family homes, apartments and employment space.

Bruno Jaczkowski, Director in the Residential Land team at JLL, who led on the sale comments: “We are delighted to dispose of this exciting development opportunity, which will provide the constrained Earlsfield market with much needed housing supply and create an environment that is more sympathetic to the existing residential surroundings.”