A 6-acre South East London site has changed hands as the capital’s logistics sector feels the pressure.
Sun Chemical, advised by Avison Young, has sold a redevelopment site in Orpington, Kent to Goya Developments.
The six-acre site, located on the corner of Cray Avenue and Cray Valley Road, could see a 160,000 sq ft development.
Mark Holliday, Avison Young’s Principal, Capital Markets, comments: “This is a prime redevelopment site for which we had a lot of interest. The price achieved reflects the potential of the site for commercial use.”