SAVILLS has confirmed the sale of three prime Fenland farms. Willow & West Fen Farms were launched to the market in April and went under offer within a few days, in conjunction with another farm locally which Savills had available privately.
Willow & West Fen Farms comprised 402 acres of Grade 1 irrigated, arable land to the west of March and had a guide price of £2,200,000. The additional farm, which was sold in conjunction, provided a further 499 acres.
All three farms, which achieved significantly in excess of the guide prices, were sold by Danish vendors who have decided to invest in alternative assets.
Catherine Scandrett, of Savills Cambridge, said: “We received a significant amount of interest and due to the nature of the farms and parties involved we were able to agree a deal in a short period of time. The ability to combine the three farms to form over 900 acres made the deal even more attractive to purchasers and enabled us to achieve a premium price.”
Catherine added: “The demand for top quality land in the East of England shows no sign of waning.”