Deutsche Asset Management has completed the sale of Fort Halstead in Sevenoaks, Kent on behalf of one of its institutional funds for £67.8m.
The asset manager bought the 330-acre site in 2005, and has since obtained planning for a 450-home mixed-use development.
The site sits in the green belt and the Kent Downs Area of Outstanding Natural Beauty.
James Petit, head of real estate, UK and Ireland at Deutsche Asset Management, said: “The successful implementation of the business plan by our asset management team has resulted in a positive result for all parties involved.”
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