SAV Group has sold the 73,302 sq ft Northern & Shell Tower on the Isle of Dogs to Selsdon Way Development, for an undisclosed price.
The vacant office building at 4 Selsdon Way has been sold with consent for a 209 unit C3 residential/BTR development.
SAV Group – a specialist property investor and developer focused on repositioning and developing income-generating investment properties in Central and Greater London – received planning permission for the office building’s change of use and the permission included the addition of another storey and private balconies on all flats.
Anton Nikolaenko, investment director at SAV Group, said: “We are pleased to get this transaction over the line despite the challenging market conditions. The deal further represents our expertise repurposing buildings in to highly desirable, low carbon products that are otherwise not available in the market.”
