Green Property has further enlarged its British portfolio with the purchase of the former London Rubber Company site at Chingford, north London, for £3.7 million sterling. It was acquired from London International Group.

A planning application will be submitted early next year for the development of a 140,000 sq ft of mixed industrial and distribution units on the 7.2 acre site. Green said the site had substantial motorway frontage to the North Circular Road and was midway between the A10 and the M11 motorway. The 230,000 sq ft of vacant industrial properties now on the site is to be demolished.