Purestone Capital Llp and BPS (London) Limited has exchanged contracts to acquire 80-85 Tottenham Court Road W1 from Derwent London Plc (LSE:DLN) for £32.6 million on February 6, 2026. A cash consideration of £32.6 million will be paid by Purestone Capital Llp and BPS (London) Limited. The sale is at a premium to June 2025 book value and is scheduled to complete in June 2026. The acquisition is the first for the newly formed value-add platform headed up by Rishi Khurana and Mahir Vachani.
Jones Lang LaSalle acted as broker in the transaction.
Derwent London plc is a United Kingdom-based real estate investment trust (REIT). The Company is an office specialist property regenerator and investor. It owns and manages an investment portfolio of over 5.3 million square feet, of which 99% is located in central London, with a specific focus on the West End and the areas bordering the City of London, with the latter principally in the Tech Belt. Its properties are in London (West End central, West End borders/other and City borders), with the remainder in Scotland (Provincial). Its portfolio includes 80 Charlotte Street, The Featherstone Building, Soho Place, Brunel Building, 25 Baker Street, White Collar Factory, Network, Tea Building, The White Chapel Building, Greencoat and Gordon House, Middlesex House, 25 Savile Row, Rathbone Studios, Morelands, Angel Building, Horseferry House, 50 Baker Street W1, and others. Its subsidiaries include Asta Commercial Limited, BBR (Commercial) Limited, Caledonian Properties Limited and others.
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