Covent Garden ’s biggest landlord Shaftesbury Capital has sold a 25% share in an estate that includes the world famous central piazza, to the Norwegian sovereign wealth fund for £570 million.

Values of commercial property are still languishing way below pre-pandemic levels, with Capco’s Covent Garden portfolio value still 25% below what it was at the end of 2019.

The Covent Garden deal price is roughly 28 times the rent generated by the properties, based on a net initial yield of 3.6% in the announcement, reflecting their safe haven status as highly prized ...

London's Mercer Street Hotel, located right by Covent Garden, has just reopened with a new name following a $24 million renovation. Formerly the Mountbatten, the hotel's remaining rooms and suites ...

05 Sep 2008By Editor Digital Edition: Shaftesbury has appointed NB Real Estate to manage St Martin’s Courtyard in London’s Covent Garden The scheme is a 2 acre mixed-use joint venture between ...