LSH has announced the launch of an online auction service comprising property, plant and machinery and other business assets.
Ezra Nahome, CEO of Lambert Smith Hampton said, “LSH is on a mission to be the most progressive consultancy in the property industry. With the acquisition of ES Group, we recognised an opportunity to integrate a market leading online plant and machinery auction house with LSH’s fast growing property auction service. We’re very excited that our truly comprehensive online auction house will maximise opportunities for our clients.”
LSH’s online property auction platform complements its traditional ballroom sales with a more flexible method that will enable clients to sell properties of all values and choose the sale date that suits them.
Oliver Childs, head of auctions for LSH explains: “ES Group has been selling assets online for over eight years but, until now, no UK traditional commercial property auctioneer has sold property in this way. LSH is the first commercial UK auctioneer to pioneer this alternative sales method and the combination of traditional and digital auctions will significantly increase our clients’ exposure to buyers.”