Holiday Autos Building

The 1980s office building was held on a 15 year lease by Holiday Autos (a subsidiary of lastminute.com), which was due to expire in November 2015. The tenant had vacated in 2007 but failed to secure an alternative occupier. A surrender of the Holiday Autos lease was concluded simultaneously with the sale.

Lambert Smith Hampton was appointed by Aviva to advise on a strategy for the property post-lease expiry and identified that a residential based use would create the highest returns for the fund.

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