We were representing an overseas investor for the acquisition of a Grade A office block in Leeds. There were 3 other bidders for the property (including ourselves) who bid on the property. Whilst we did not want to over-pay, we recommended to our client to stick to his price but use speed and our previous track-record to re-assure the sellers that we will deliver in a period which is generally quiet (over Christmas/New Year).
Using our resources we found out that this was the last property held in a fund which meant they needed to close the deal within 30 days. We geared ourselves up and were able to strike a deal with the seller (although we were not the highest bidder) and delivered on completion of property within 28 days.
Read the Property Week article here.
Read the Insider Media article here.
