Derwent London sells Tottenham Court Road property

Derwent London has agreed to sell 80-85 Tottenham Court Road W1 for £32.6 mln (€38.2 mln), translating to a capital value of €8,844 per m2 (£755 per square foot). 

80-85 Tottenham Court Road W1 - Derwent London

This sale exceeds the property's book value as of June 2025 and is expected to finalise in June 2026.
The purchasers are a joint venture between Purestone Capital and BPS London, both private investors. This marks the inaugural acquisition for their new value-add platform, led by Rishi Khurana and Mahir Vachani.
The freehold property encompasses 2,624 m2 of office space across six floors, complemented by four ground-floor retail units, bringing the total floorspace to 4,023 m2. The property currently generates £1.7 million (€2 million) in income.
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.”
Derwent London, primarily focused on central London, manages a commercial real estate portfolio valued at £5.2 billion as of 30 June 2025, making it the largest London office-focused Real Estate Investment Trust (REIT).