Residential developer Sheen Lane Developments has bought an office-to-flats scheme in Sussex.
The London-based company has paid £14.3m to acquire Syward Place in Chertsey from CCLA Investment Management. CCLA bought the site in 2013 for £12.4m from Aberdeen Asset Management.
The three-storey office has planning consent to be redeveloped as a residential building comprising 127 for-sale flats.
Sheen Lane was advised by Knight Frank. CCLA was advised by JLL.
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