Lambert Smith Hampton (LSH) has successfully completed the freehold disposal of 123 Golden Lane in London EC1 on behalf of Mencap, the UK charity supporting people with learning disabilities. The 18,600 sq ft property has been the charity’s headquarters since the 1970s and has been acquired by a property company for an undisclosed sum.
The deal included a delayed completion, which provided Mencap with the time required to vacate the premises, while LSH’s office agency team simultaneously completed the acquisition of a new, cost-effective, and modern fitted office situated at 20-22 Commercial Street London E1.
David Earle, Head of London Office Advisory at LSH, commented:
“We take pride in delivering tailored solutions that meet the specific requirements of our clients and understand the importance of balancing operational needs with cost-effectiveness. We were pleased to be able to provide a seamless transition for Mencap from the disposal of 123 Golden Lane in challenging market conditions to the acquisition of their new office.”
Victoria Epplestone, Head of Property at Mencap, added:
“LSH was able to offer us a bespoke approach to meet our needs as a charity. We need to be based in London and LSH was able to share their excellent market knowledge to allow us to balance the cost and location pressures we needed to meet.”
