Covent Garden Market Sold For £421 Million

By Rob Last edited 147 months ago
Covent Garden Market Sold For £421 Million

In the last few minutes it's been announced that Capital & Counties, a subsidiary of Liberty International Plc have bought 31 properties covering 450,000 square foot off the Covent Garden Market Limited Partnership for £421 million.

In case you're wondering who Liberty are, apparently they're "the country's third-biggest listed property firm" and they own Lakeside among other things.

And what are they going to do with the maket? Develop it of course, so that they can make it part of thier upcoming Real Estate Investment Trust. Although we dont' think they've got any plans to turn it into the 'Lakeside of the West End'.

Photo taken from the Flickr stream of bpc under the Creative Commons licence.

Last Updated 07 August 2006