Talks to sell Pfizer site to consortium collapse
A LONDON property company which had been set to buy the Pfizer site in Sandwich has pulled out of talks.
London & Metropolitan led a consortium which entered into legal exclusivity with the pharmaceutical giant over the sale of the site rebranded Discovery Park last year.
The venture was backed by a major European institutional real estate investor but inability to agree commercial terms has seen the deal ditched.
A Pfizer spokeswoman said: "The period of exclusivity between Pfizer and London & Metropolitan for the sale of Discovery Park ended with parties unfortunately unable to agree to commercial terms.
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"Pfizer remains focused on the sale of Discovery Park."