The sale of the former Malgavita Works in Southall, London, to national housebuilder Redrow Homes was completed on 7 July for £24.5m. Kaye says: “This is one of five sites in the Southall Opportunity Area that Howard Kennedy have advised on for various clients with combined values in excess of £100m. It is understood that the buyer will be a private equity firm based in New York and has been looking at sites around London including Canary Wharf. The sale includes planning consent for a mixed-use residential-led development that will include 302 new homes.
The sale of the former Malgavita Works in Southall, London, to national housebuilder Redrow Homes was completed on 7 July for £24.5m. It is understood that the buyer will be a private equity firm based in New York and has been looking at sites around London including Canary Wharf. The sale includes planning consent for a mixed-use residential-led development that will include 302 new homes.