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Redrow sells City scheme

1-Commercial-Street E1-300px

Redrow has confirmed it has sold its interest in One Commercial Street, E1, for £46.8m.

The housebuilder said it had accepted a unconditional offer for the development from US fund Angelo, Gordon.

It comprises a mixed-use building with shops, 100,000 sq ft of offices and flats on the floors above.

The legal completion is due to take place on 28 November.

joanna.bourke@estatesgazette.com

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