The Gemini Centre, London Road, Chelmsford
This central property of 43,000sqft, owned by a major UK fund, was part let and part vacant and interest in the poor quality empty space was limited. We were retained to advise the owners on the future options. Having decided to realise the value of this asset we sought offers from both commercial and residential investors. The property was sold to Croudace who have since obtained permitted development rights for the conversion of the vacant space to residential apartments.