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Chelsfield Adds to South Bank Holdings

LONDON-Chelsfield has stepped up its acquisition programme on London's rapidly improving South Bank, buying in three investment/development properties from St Modwen Properties.

By Graham Parker | Updated on July 25, 2001

LONDON- Chelsfield has bought three more properties on London’s South Bank. Through a joint venture with Compco Holdings, it has paid St Modwen Properties £6.5 million ($9.25 million) for three investment/development properties in the Clink Street area close to Southwark Cathedral and Borough Market.

Chelsfield has been adding to its South Bank portfolio recently as it seeks to become the area’s dominant landowner. Property values have already risen considerably since the completion of the Jubilee underground line improved links with the rest of London. Clink Street itself lies on the main pedestrian route for visitors heading from London Bridge station to the Globe theatre and the Tate Modern gallery.

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