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Capco buys Tower House for £67.5m

Capital & Counties Properties has acquired the freehold interest of Tower House, 10 Southampton Street, Covent Garden, from Derwent London for £67.5m before purchaser’s costs.
By James Buckley
October 31, 2016 | 1:43 P.M.

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 building produces an annual rental income of £3.1m across 53,700 sq ft which comprises 13,800 sq ft of retail, 37,000 sq ft of offices and 2,900 sq ft of residential accommodation.

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