In the Press - EIG Online Auction platform to be used for largest ever lot

Industry News

In the Press - EIG Online Auction platform to be used for largest ever lot

23 March 2018

 

LSH to put largest value lot ever under the virtual hammer

Property Week

23 March 2018 

 

The Essential Information Group online auction platform is to be used by Lambert Smith Hampton (LSH) for the sale of a large development site known as Angelgate with planning for over 300 flats in Manchester. 
 
Subject to a fraud investigation, the lot being sold on behalf of administrators is expected to achieve over the £5 million guide price making it the biggest lot ever to be sold online!
 
The vendor of the site commented that the online sale method had "the benefit of being the most transparent and efficient sale process" available on the market. 
 
 
 
 
 
Property Week article excerp 23 March 2018 
 


By Beth Fox