Derwent London announced the sale of a central London property today, underscoring the value in its portfolio and the health of the London office space market.
Derwent London has exchanged contracts to sell 80-85 Tottenham Court Road W1 for £32.6m, securing £755 per square foot. Notably, the transaction marks a premium to the June 2025 book value.
Completion is scheduled for June 2026. The freehold building comprises 28,300 square feet of office space across six floors. Four ground-floor retail units bring the total floorspace to 43,300 square feet and income for the building was £1.7m.
The sale adds to the group’s recent disposoals which rose above £200m in 2025 as it seeks to recycle capital into better opportunities.
Derwent London is the capital’s largest office-focused real estate investment trust, owning a commercial property portfolio valued at £5.2bn as of 30 June 2025, concentrated predominantly in central London.
The company specialises in acquiring off-market properties with low capital values in improving locations, typically in the West End or City Borders.