Grand Union Place is an industrial estate of approximately 22 acres, that did not permit Segro to develop units of the size typical within their portfolio, which in turn presented an opportunity for residential development.
Savills was appointed by Segro to act as project manager on appointing and managing a technical due diligence and masterplanning team to prepare a vendors pack for the benefit of a purchaser with the potential for approximately 1,400 residential units and a circa 15,000 sq ft commercial unit.
Savills added value by closely managing the technical due diligence and the masterplanning process including the discussions with the London Borough of Brent on acceptable masterplan principles, and managing the potential solutions for constraints including a Thames Water pipe track through the site. The resulting vendors pack helped de-risk potential concerns and contributed to a successful land sale process on schedule.