News
London Capital Markets

Capco Sells Olympia London For £296M

Capital and Counties Properties sold its conference venue, Olympia London Exhibition Centre, to a consortium of German institutional investors for £296M. The site is on a prime 14-acre site in West London, and the acquisition includes 3.9 acres of additional land available for hospitality, leisure and residential development.

Capco originally purchased the 130-year-old exhibition and events venue in 2009 and invested £30M. Under Capco’s ownership, the venue hosted about 200 shows per year, equating to about 1.6 million visitors.

Capco said it would use the funds to pay down debt and invest in other projects in its core business.

The buyers were Deutsche Finance International, a London-based value-add real estate investment firm, and Yoo Capital, a private real estate investment firm.

Capco was advised by CBRE.  The consortium was advised by Norton Rose Fulbright, Deloitte, Langham Hall and JLL.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's London Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Equinix Bets Big On Slough Data Centres: The London Deal Sheet

JLL Nearly Doubles Profits, Fueled By Leasing Rebound

Dewberry's Midtown Eyesore Quietly Resolves $75M Mortgage

Newmark Posts Record Q2 Revenue, Holds Guidance Flat

Redevco Buys 560K SF Jaguar Land Rover Logistics Hub In UK IOS Push

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

Fed Holds Rates In Split Decision As Iran War Hampers Inflation Fight

Unite Looks To Reshape Student Portfolio After £417M First-Half Loss

Allow Fortress To Reintroduce Itself: The Distress Specialist Is Expanding Its Game