Auctions in focus - online auctions, MoD and AML


Source: Crown Copyright

Lambert Smith Hampton has secured a contract to sell hundreds of Ministry of Defence properties via online auction.

The organisation, which is responsible for managing 220,000ha across the UK and a portfolio of 45,000 residential properties, awarded Lambert Smith Hampton (LSH) a two-year contract in February to sell hundreds of MoD properties under the hammer.

LSH has been working for years with the MoD and the DIO. Since the early 2000s, it has sold land, houses, vacant shops and even telecommunication masts all over the UK on its behalf.

This mandate, however, is different. In an unprecedented move, the DIO wants to sell the latest tranche of properties exclusively via online auction.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue