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Capco announced that it has exchanged and completed on the sale of Venues, its exhibition business, comprising Olympia London together with certain related property assets, for a total gross cash consideration of £296 million (the “Disposal”). Venues has been sold to a consortium of German institutional investors, which includes Bayerische Versorgungskammer (Germany’s largest manager of public …
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Capital & Counties Properties PLC (“Capco”) has acquired the freehold interest of Tower House, 10 Southampton Street, Covent Garden, from Derwent London PLC (“Derwent London”) for £67.5m before purchaser’s costs. The property is a substantial corner building located at the junction of Southampton Street and Tavistock Street with views towards the Piazza. The multi-let …
Continue reading “Capco purchases tower house from Derwent London for £67.5 million”
Capital & Counties Properties PLC (Capco) together with Oscar-winning actor Robert De Niro and BD Hotels has submitted a planning application for the consideration of Westminster City Council to create a visionary new 83-room luxury boutique hotel, The Wellington Hotel, in London’s Covent Garden. The plans would see boutique hotel pioneers De Niro, Ira Drukier …
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