Before planning permission expired for The Point in March of 2021, Hammerson began the process of selling the freehold to The Point, and promptly advertised the building for sale on 9 July 2021 via property agents Savills.
The sales brochure for The Point hailed the sale as a “brownfield redevelopment and investment opportunity” with a “positive planning history” and “residential redevelopment potential”. The brochure goes on to detail the sale of two separate freeholds, one for The Point’s ziggurat and cinema screens, and a second for the multi-storey car park to the rear.
The finer print goes on to to detail that residential feasibility studies have been undertaken, indicating a scheme of circa 450 apartments may be possible on the site, with potential for more were the multi-storey redeveloped to cater for increased parking.
With the correct credentials you can view the sale details at the Savills website, or view the brochure below.