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. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Breaking News

England tightens planning rules to save local pubs

Turning pubs into housing or offices will be made harder as part of changes to government planning rules in England. Under the updated National Planning Policy Framework (NPPF), anyone seeking to change the use of a beloved local venue must now provide strict proof that the business cannot survive, including evidence that it has been…
Read More →
Breaking News

UK modern method auction house sales up nearly 15%

UK house sales via modern method auctions increase nearly 15% year-on-year New data from leading estate and lettings agency network shows growing appetite for modern method auctions, with completion times 43% quicker on average versus traditional methods Modern method auction (MMoA) sales are gaining ground in the UK housing market. New data from Lomond, the UK’s leading network of lettings and sales…
Read More →
Breaking News

London’s garden squares commanding huge market premiums

The latest research by London lettings and estate agent, Benham and Reeves, has revealed that homes surrounding some of Prime London’s most prestigious garden squares continue to command huge values even in cooler market conditions, with buyers paying property premiums as high as 175% compared to the wider borough. Wilton Crescent Garden, located on the…
Read More →
Breaking News

Full Steam Ahead to Fast-Track More Homes Near Stations

Thousands of quality homes to be built closer to stations, cutting commute times and helping families live closer to work, school and transport New planning rules will fast-track building quality homes near transport hubs in England Part of the biggest rewrite of planning rules in over a decade to build homes faster, drive good growth, unlock investment, jobs and education opportunities   Thousands of new homes will be built around England’s train, tram and underground stations under new planning…
Read More →
Breaking News

Breaking Property News 17/8/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   New regional property roadshow to generate conversations with vendors, buyers and homeowners   Fine & Country West Wales, in partnership with Homes of Wales, is launching a new regional property roadshow designed to generate conversations with vendors, buyers and homeowners whose moving plans have…
Read More →
Rightmove logo
Breaking News

Largest August price drop since 2018 despite mini Burnham bounce in demand

Average newly-listed asking prices drop by 2.0% (-£7,360) this month to £364,999, a much larger than usual August drop: Many summer sellers slash their price expectations in reaction to the quieter holiday period and 12-year high number of homes for sale at this time of year Average prices are now 1.0% lower than a year…
Read More →