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Derwent to sell WC2 blocks

Tower House WC2

Derwent London has instructed JLL and CBRE to seek offers for the 41,700 sq ft Davidson Building at 5 Southampton Street and 52,800 sq ft Tower House at 8-14 Southampton Street in Covent Garden, WC2.

The REIT is seeking offers of around £65m and £72m, respectively, for the blocks, having bought them both from MEPC in 1997.

The buildings are multi-let to a number of tenants, including Brake Bros, FTI Consulting and the World Nuclear Association.

Tower House is pending a planning application for conversion to 10 homes.

chris.berkin@estatesgazette.com

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