Tuckerman have sold 2 Bessborough Gardens to the Republic of Lithuania, who will use the property as their new London Embassy. We acquired the property for Melford Capital, backed by Henderson UK Property Fund in April 2006. The property was vacant but had ongoing income from Rolls Royce.
We negotiated a back to back deal, securing both the buyer and the surrender of the lease, creating a significant uplift in value for their client. Harry Hart, Managing Director of Melford Capital said: 'Bessborough Gardens...generated strong returns in a highly competitive market.