Leicester city centre development site sold

GS Property Holdings has bought a 4.86-acre Leicester city centre development site.

The land at Abbey Meadows consists of a brownfield site with an outline planning permission for residential development.

The land makes up part of the island site on Abbey Meadows, and is a key redevelopment site for Leicester.

The deal was brokered by APB.

APB partner Reg Pollock said: “We were aware that this plot of land was being brought to the market by Jones Lang LaSalle by way of an open market sale and that it would suit G S Property Holdings Limited remit to acquire development sites being well located to other investments they have in the area”.

“The site was marketed and good levels of interest were received from a number of parties, but we showed the purchaser that we could deliver on tight timeframes for purchasing the development.”

“James Coningsby of Nelsons Solicitors acted on the acquisition for the purchaser and we worked closely with Nelsons to make sure that the site was purchased within a four-week time frame.”