Published: 14/12/2023
Date
October 2023
Instruction
Dispose of freehold for religious organization
Marketing strategy
The initial strategy involved an off market campaign to gain feedback from the market, followed by a national marketing campaign utilizing all major commercial property portals and a range of digital marketing strategies
Disposal
Multiple offers were received on the property from a mixture of religious organizations, residential developers and investors
Sale
A sale was agreed to a residential developer who will submit planning permission for a mixed use scheme
Challenges
Acting on behalf of a religious organization meant that a high level of reporting was required to ensure that the trustees had full transparency on offers and deal structures that were received.