Capital & Counties (Capco) has exchanged contracts with an international investor for the £66m sale of 49 apartments and 31 parking spaces at its Lillie Square development.
All apartments in the 9 Lille Square block and parking spaces, have been sold to an unnamed “international investor”.
In an announcement Capco stated that on exchange of contracts a deposit of £6.6 million was received representing 10 per cent of the consideration, with a further staged payment of 10 per cent to be received in 12 months and the balance on completion.
Furthermore, the statement continues “pricing is in line with Phase 2 sales to date, at a modest premium to comparable units in Phase 1.
142 of the 186 units in Lillie Square Phase 2 have now been reserved or exchanged”.
