Completed sale
London Southshares
Knightsbridge completed the multi-million-pound sale of London Southshares to Riverlaw Group within eight months of going to market, helping the sellers move forward with a well-earned retirement. The Lewisham property portfolio attracted 12 meetings and four competitive offers before terms were agreed.
With roots dating back to 2008, London Southshares is a buy-to-let business comprising five fully licensed HMO properties in South London and dozens of individual rental units. The portfolio is focused on young professionals, with fully furnished rooms in large shared houses and strong transport links into Central London adding to the location’s appeal.
The business had been set up to run with limited director involvement. A property manager was already in place, supported by subcontracted maintenance, cleaning, electrical, plumbing and fire safety teams. That structure, together with high occupancy and documented processes, gave Riverlaw Group a working HMO portfolio to bring into its wider group.
Associate Director Leanne Boulding led the transaction, with Regional Commercial Director Martin Baars representing the opportunity. They wish the sellers every success in their retirement, and Riverlaw Group continued success as it takes London Southshares forward.