West End Disposal
Legal & General has bought a £120 million chunk of Covent Garden in London from ING Covent Garden Limited Partnership, a Rugby Estates investment fund. The 11 offices, shops and restaurants on The Strand, Southampton Street and Bedford Street include TGI Friday’s and Garfunkel’s.
L&G plans refurbishment works. The Covent Garden fund will be wound up after completion of the sale in a move that will net £2.8 million for Rugby Estates.
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