GCP Sells Regent Street Properties in London for GBP 113M

LONDON-The Great Capital Partnership (GCP), the Joint Venture between Great Portland Estates and Capital & Counties, has sold two Regent Street properties for GBP 112.60 million. The company sold the 64,656-square-foot Regent Arcade House for GBP 48 million to Stenham Property Ltd.

GCP has exchanged agreements for the sale of the Grade II Listed building at 100 Regent Street for GBP 64.60 million to Hermes Real Estate Investment Management Limited. The 52,198-square-foot building is situated on the corner of Glasshouse Street and Regent Street. For the full story, go to PropertyMall .