Derwent London has sold 80-85 Tottenham Court Road to a joint venture between Purestone Capital and BPS London for £32.6m.
The sale is at a premium to the asset’s June 2025 book value and is scheduled to complete in June 2026.
The 43,300 sq ft freehold property, which generates annual income of £1.7m, comprises 28,300 sq ft of offices across six floors plus four ground floor retail units.
Paul Williams, chief executive of Derwent London, said: “Investor demand for smaller value-add assets remains strong, which supports our disciplined approach to realising value. Proceeds will be recycled into other higher returning opportunities. These include our major on-site projects at Holden House W1 and Greencoat & Gordon House SW1, where we are confident in the strong rental growth outlook.”
Hanover Green advised the purchasers.
