Montagu Evans advised one of the world’s largest Chinese multinational conglomerate corporation and the world's biggest private property developer/owner on the Section 106 disposal of Shared Ownership accommodation at their London flagship site.
In 2015, Wanda's assets amounted to 634 billion yuan with revenue of 290.16 billion yuan and the approached us to advise on their flagship site in One Nine Elms seeking to dispose of 57 shared ownership flats in the London Borough of Wandsworth.
Our advice included negotiating with the Council on the affordable housing provision which formed part of the section106 agreement.
Our role also included negotiating and agreeing the section 106 and then subsequently marketing the subject units to RPs active within the area. Following on from a successful marketing campaign, we then worked closely with the selected RP to ensure a swift process through to exchange of contracts.