Ministry of Defence appoints Lambert Smith Hampton for two year online auction contract

March 13, 2018

LSH have secured a sale mandate with Defence Infrastructure Organisation, part of the Ministry of Defence, to facilitate the sale of property and land through their pioneering online auction platform.

Robert Stone, Head of Estates at the DIO said “The MOD has committed to reducing its estate by 30 per cent by 2040, the appointment of LSH to deliver some of the planned disposals will be of great help to achieve this and we are very pleased that we can utilize their innovative auction platform.

The broad mix of disposals will comprise of parcels of development land, former farms, amenity land, retail and other disused buildings and sites”.

National Head of Auctions at LSH, Oliver Childs comments, “It is a real privilege to have been awarded this contract by the Ministry of Defence.  We have been pioneers in the online auction space, and over the past two years have developed a track record of success having sold a wide variety of property all over the UK through our platform. Clients have ranged from FTSE 100 companies, private equity, LPA receivers and Homes & Communities Agency.  The online extension to our traditional ballroom auctions allows us to provide Ministry of Defence with an experienced and market leading team. We have consistently proved above market values and we look forward to bringing these properties to the market.“

LSH have provided an online auction platform since late 2015 and were the first traditional commercial property auctioneer to offer this alternative route to market. The online auction platform offers a bespoke chance to sell a wider variety of stock at any given time, giving LSH the ability to put the client first.

LSH’s CEO Ezra Nahome adds “This mandate is a further endorsement of our market leading online auction platform. The direction of travel is clear and we are leading from the front, providing an efficient and transparent platform giving wide reaching investors the ability to buy property with confidence and certainty.”

The first tranche of MOD properties is expected to be listed within the next 3 months.
For more information please visit lshauctions.co.uk

Breaking News shared by: Deering Genevieve – GDeering@lsh.co.uk

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website.

You May Also Enjoy

Letting Agent Talk

How to Transition from a Fixed-Term Tenancy to a Periodic Tenancy

Transitioning from a fixed-term tenancy to a periodic tenancy is a common occurrence in the UK rental market. It offers flexibility and convenience for both landlords and tenants by continuing the rental agreement on a rolling basis once the fixed term ends. Whether you’re a landlord managing a property or a tenant seeking clarity, Martin…
Read More →
Breaking News

Housing sales end 2024 on a high, but buyers more cautious about how much to pay for homes as mortgage rates drift higher

Buyers and sellers returned to the market over 2024 building a sales pipeline 30 per cent larger than a year ago with 283,000 homes worth £104bn progressing to a sale in 2025. This is the largest end of year total value for four years. House prices have returned to growth with the average house price…
Read More →
Breaking News

£21 million to live on UK’s most expensive street

· Knightsbridge in London now the priciest UK street · The UK’s 10 most expensive streets all in the capital, with an average price tag of £16.5 million · East Road in Weybridge the most expensive address outside of London · Priciest UK properties are 60 times more than a typical home Lloyds has revealed…
Read More →
Breaking News

Breaking Property News 20/12/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Why estate and letting agents must embrace innovative technology in 2025   As we step into 2025, the UK property market continues to shift, and estate agents face mounting pressure to meet the evolving expectations of buyers and sellers. The days when static images sufficed…
Read More →
Breaking News

Breaking Property News 19/12/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   High street Auctions’ initiative launches to revive Britain’s town centres   This month the UK Government rolls out its highly anticipated ‘High Street Auctions’ scheme, a flagship measure of the Levelling Up and Regeneration Act 2023. This initiative grants local authorities the power to take…
Read More →
Estate Agent Talk

Moving Up In The World: Finding Your Dream Home

Finding your dream home is one of life’s most exciting and transformative experiences. Whether you’re looking to upsize, relocate, or finally purchase that ideal property you’ve always envisioned, the journey is both thrilling and filled with important decisions. As you embark on this path, it’s essential to plan carefully, consider your priorities, and approach the…
Read More →