Singer Vielle concludes key deal
Further proof and acceptance that the property market is moving to an online transactional basis was demonstrated last week with the online execution by Clicktopurchase® of an investment property, sold by one of Europe’s largest real estate and fund managers, Standard Life Investments.
It took just 48 hours for a car showroom investment in Warrington, marketed at singerviellesales.com, to be exchanged online at over £4m.
“We consider this latest online Clicktopurchase® transaction to be significant for a number of reasons. Firstly, it was concluded on behalf of one of the largest, most respected institutional property investors, Standard Life Investments. Secondly, it is the largest Clicktopurchase® exchange to date on behalf of an institutional vendor,” said Neil Singer, Singer Vielle.
Standard Life follow other well-known organisations who have executed easily by using Clicktopurchase®, including Scottish Widows, Deloitte, CBRE Investors, London & Capital, Anglo Irish, UBS, Miller Developments, Arrowcroft and Stenham.
“We have used Clicktopurchase® and experienced first-hand the speed, ease and certainty that it adds to the sale process. It is not surprising that other sellers, and purchasers, are being attracted to the platform as it brings a level of liquidity to the property market not available previously,” Paul Gibson, Director, CBRE Global Investors.
Clicktopurchase® remains the only online execution platform for property, be it by private treaty, tender or real time auction. It’s unique position in the market is now firmly established, having brought speed, certainty, ease, transparency and accountability to the sale process with over £60m of online exchanges to date.
8th August 2013