Derwent London has completed the disposal of Horseferry House and 80-85 Tottenham Court Road in London for £160m.
Horseferry House (pictured) was sold to an overseas investor for £131.8m in a deal reflecting a 6% net yield to the purchaser, and 80-85 Tottenham Court Road was sold to a joint venture between Purestone Capital and BPS London for £32.6m with vacant possession of the offices, reflecting a capital value of £755/sq ft.
Paul Williams, chief executive of Derwent London, said: “Since the start of 2026, we have agreed or completed sales totalling £279m, making good progress towards our £400m target for the year. Proceeds of £160m have now been received and 90 Whitfield Street W1 is on track for completion in August. We remain focused on redeploying receipts accretively and in line with our capital allocation framework.”
