Updated Oct 29, 2024
TPC Acquires Mixed-Use Property On Wellington Street In London For £76.5M
Wellington St, West End, London, Uk
$6,500,000
$65/SF
Building Size
100,000 SF
Asset Type
Mixed-use
Closing
Sep 9, 2020
About this deal
AI
The mixed-use property located at Wellington Street in London has been sold for a total of £76,500,000. With a total area of 100,000 square feet, the price per square foot comes to £765.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: £76,500,000
- Address: Wellington Street, London
- Market: London
- Seller: Capital & Counties Properties PLC (Capco) – Ian Hawksworth
- Buyer: TPC – Naomi Heaton, LCP & APG – Robert-Jan Foortse
The seller of the property is Capital & Counties Properties PLC (Capco), represented by Ian Hawksworth. On the buying side, the transaction involved TPC, represented by Naomi Heaton, along with LCP and APG, represented by Robert-Jan Foortse.
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93