Units at One Tower Bridge bought for £70million including Bridge Theatre

Josh Salisbury (06 September, 2019) Business

In total, 7,720 sqm of retail, restaurant and cultural space, 11 food and drink outlets and two retail units were purchased

31910Units at One Tower Bridge, looking out onto Potters Field and Tower Bridge, were purchased for £70million (Image: Tayler Reid)

Units at One Tower Bridge which look out onto Potters Field Park has been bought for £70million.

The commercial units of the mixed-use development, topped by luxury flats looking out onto Tower Bridge, has been bought by real estate investment firm, Redevco.

The outlets are primarily for food and drinks businesses. In total, 7,720 sqm of retail, restaurant and cultural space, 11 food and drink outlets and two retail units were purchased.

Redevco now also owns the Bridge Theatre as part of the sale from the Berkeley Group.

“London ranks as a leading global destination in this respect and this location, adjacent to Tower Bridge, encapsulates the key elements we are looking for in our experience-led investments,” said Redevco CEO Andrew Vaughan in a statement announcing the sale.

“It is situated next to a world-class tourist attraction, which is a magnet for large numbers of visitors.”

Leave a Comment

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

*

Related Articles