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Bridges Wharf £275m purchase

London & Stamford Property has exchanged contracts with Weston Homes to buy the remaining 57 residential units at Bridges Wharf on the Southbank of the River Thames next to Battersea Heliport. The acquisition also includes 57 car parking spaces. London & Stamford is acquiring a long leasehold interest in the apartments and the car parking spaces for approximately £27.5m. London & Stamford will fund the acquisition out of existing resources.

The Bridges Wharf development comprises three buildings with a total of 267 flats and a five-star hotel.