Addleshaw Goddard's Real Estate sector team has advised Galliard Homes on the unconditional purchase from Royal Mail of a 0.9 acre plot (Plot C) on its Nine Elms Park site.
Royal Mail's former South London mail centre site in Vauxhall, South London – now known as Nine Elms Park – is centred on a linear park, which runs the length of the site east to west, alongside residential-led development and commercial space. It extends from the new US Embassy to the planned Northern Line extension, which will provide two stations within walking distance.
Galliard Homes intends to develop 262 residential units on Plot C, of which 25 per cent will be affordable housing. The new residential development will be delivered by Galliard Homes in partnership with O’Shea.
Simon Tager, said: “AG are delighted to have advised Galliard Homes on the acquisition of this development site within one of the Capital's most exciting areas - the Nine Elms area is creating a major new destination for South London and further illustrates Galliard's ongoing commitment to investment in housing in London.”
David Hirschfield, Legal Director at Galliard Homes, commented: "This transaction reiterates Galliard’s commitment to continue to provide high quality yet affordable homes in central London. Simon Tager and the AG team provided Galliard with a fantastic service and really appreciated the key commercial factors in getting the deal done for Galliard."