Residential building swaps hands for 15.7 million

Fri 4th May 2012, 1:37 pm

Property firm Development Securities has paid 15.7 million for a new apartment block next to the Olympic Park.

The company, in a joint venture with Canadian real estate investment company Realstar, announced that it had made the purchase from Ireland’s National Asset Management Agency.

The scheme at Wick Lane, Hackney Wick, comprises 112 units over 116,000 sq ft and an additional 12,000 sq ft of retail and employment space. 

The unoccupied apartments will be refurbished and let out.

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