Addleshaw Goddard acts for Green Property Ventures on sale of Nine One Elms
Addleshaw Goddard has acted for Green Property Ventures on the sale of Nine One Elms in Vauxhall to Dalian Wanda Group.
Dalian Wanda Group plans to develop the site into two towers for residential, office and retail use. On completion, the development will be one of western Europe’s tallest residential schemes and worth more than £700m.
The Addleshaw Goddard team was led by Mark Haywood, head of real estate, with support from managing associate Dave Wilson.
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The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.