Springfield Park, Maidstone
Augur Buchler Partners (ABP) in joint venture with the William Pears Group acquired the freehold of Springfield Park, a 4.95 acre mixed-use development site in Maidstone Town Centre. Located on Royal Engineers’ Way, this high-profile site has sat vacant for in excess of 10 years. The site has an extant planning consent for c185,000 sq ft offices and 192 residential units.
ABP bought the site from Deloitte, who advised their client Lloyds Banking Group. The site had been in administration since mid-2009.
ABP recently submitted a planning application for a residential scheme of up to 130 units with Maidstone (Borough Council) and were successful in arranging a sale of the site at a materially enhanced value.