Incomplete deal causes legal action

Welbeck Estates has taken legal action to force Regalrose Services to complete the sale of 7-11 New Broadway, Ealing. Welbeck says it agreed with Regalrose to pay £3.73m for the retail properties on 7 December last year.

According to Property Week the date for completion was 20 December, and Welbeck claims it was in a position to complete. They say Welbeck served a notice to complete the deal on 8 January this year but by 22 January, the last day for the deal to complete under the notice, Regalrose had not signed over the property.

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