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Howard Kennedy, LG and Martin Shepherd & Co have acted on the groundbreaking online exchange of a commercial property.
Howard Kennedy property partner Paul Springall and media and entertainment partner Brian Eagles helped new client Singer Vielle Sales develop the ‘Click to Purchase’ concept. Springall said: “We’re entering into a world of buying and selling everything under the sun online. Why not move that onto property in a meaningful way?”
The online product targets international investors and allows for deals to be closed quickly.
Neil Singer at Singer Vielle said: “With Click to Purchase you don’t make an offer subject to contract, you make an offer to treat.”
The deal concerned the sale of a £1m restaurant in Kent by LG client Monmouth Properties to an unnamed purchaser. LG property partner Jon Lloyd and associate Catherine Gunz had key roles.
Martin Shepherd senior partner and commercial property head Michael Salida and partner Daniel Raja acted for the purchaser.