Sale of 33,000 sq ft former Convent completes

CSquared have sold the Convent at Woodchester, acting on behalf of LPA Receviers, to UK developer Fairbairn as a JV with a global hotel group. The asset was sold by CSquared for an undisclosed sum.

Allan Lloyd, who handled the transaction comments, ‘ this was an immensely challenging disposal due to background legal issues, with the funding origination being from a crowd funding platform, also putting the asset disposal firmly in the public eye, and under intense scrutiny. Our client and the purchaser are delighted with the result.’