J Browne Construction Company industrial / distribution site sale

Gilmartin Ley acted for J Browne Construction Company in the sale of a 1.23 acre industrial / distribution site comprising a 14,200 sq ft warehouse plus open storage yard. 

Advising on recommended marketing terms and strategy, Gilmartin Ley secured several offers above the asking price of £1.5 million within four weeks of marketing.

Gilmartin Ley analysed the competing offers, explaining their relative merits to the client and agreed the optimum terms including a swift timetable for exchange and completion to suit the client.  The sale completed in September 2011 to Segro plc at a price of £1.75 million, equating to £1.4 million per acre.