An eleventh-hour offer for Purplebricks has been withdrawn, leaving Strike in pole position to buy the estate agency.
It emerged last week that Lecram Holdings, the vehicle of property investor Adam Smith and one of the largest investors in Purplebricks, was trying to trump Strike’s deal with a £1.53m offer.
A spokesman for Lecram said it had rescinded its offer, just five days after making it, when Purplebricks’ financial condition “was found to be significantly worse than expected”.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
