Client story

Residential Investment Case Study: Padcroft Works, West Drayton

Padcroft Works is located yards from West Drayton station, just minutes into central London by train. Redrow Homes were receptive to selling the final two blocks of their Private tenure lead scheme.

People

Redrow Homes PLC

Value

Circa £23,000,000

Spotlight

Investment Sales Agent

Our solution

JLL were approached by a trusted purchaser who had recently entered the London PRS market, with a hunger for discrete acquisitions on freestanding blocks.

Results

Both purchaser and client were extremely happy with a mutually agreeable deal which spanned the entire first lockdown, due to complex title documentation and contractual obligations.

Added Value

The deal was executed at minimal discount to our client's net expectation in truly uncertain and unchartered times. JLL's pragmatic and thorough approach gave certainty to our client as they looked to exit the London market. They were also completely satisfied that the entire process and negotiations remained completely confidential, prior to reporting to the London Stock Exchange.